Moody’s says US Customs' withhold release order against Sime Darby Plantation is credit negative | Malay Mail

Thursday, 07 Jan 2021 01:06 PM MYT

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. “While SDP has stated that it has not yet received details of the allegations, we expect SDP to engage with the US Customs and its various stakeholders to resolve the allegations and take any corrective actions required to protect workers’ rights,” Moody’s said in a statement today.

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