13.10.2014 06:52:00
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Sime Darby Berhad -- Moody's: Sime Darby extends lead in palm oil with NBPOL purchase at expense of higher leverage
Singapore, October 13, 2014 -- Moody's Investors Service says that Sime Darby Berhad's (A3 stable) acquisition of New Britain Palm Oil Limited (NBPOL, unrated), if successful, will increase the scale and geographic diversity of Sime Darby's sizable plantation segment, widening its competitive advantage in the upstream plantations segment, as against the rest of the industry. At the same time, leverage metrics are expected to be stretched for the rating, though should recover quickly.