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27.02.2014 12:22:00
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IOI Corporation Berhad -- Moody's: IOI's interim results to December 2013 should mark the peak gearing level
Singapore, February 27, 2014 -- Moody's Investors Service says that IOI Corporation Berhad's (IOI) results for the half year to 30 December 2013 show some promise for the continuing CPO and downstream oleochemical business as higher CPO prices reflect the tightening supply and broadly support IOI's existing Baa2 stable ratings despite the high debt levels and reduced equity base resulting from a slew of corporate activities and the impact of translation losses on foreign currency borrowings.
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