US order against Sime Darby is credit negative, says Moody’s | The Malaysian Insight

Ratings agency Moody’s says the withhold release order placed by the US government against Sime Darby Plantations Bhd for forced labour allegations, is credit negative. – EPA pic, January 7, 2021.

MOODY’s Investors Service said the United States Customs and Border Protection withhold release order against palm oil giant Sime Darby Plantation Bhd’s products, which is premised on forced labour allegations, is credit negative. The rating agency said this situation could damage SDP’s relationship with customers and other stakeholders, while large losses in earnings, if any, could weaken its credit profile.

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