Fitch Ratings has revised the Outlook on Malaysia-based palm-oil producer Sime Darby Plantation Berhad (SDP) to Stable, from Negative, and affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB'.
Sime Darby Plantation Berhad (SDP) refers to its press statement dated 11 March 2021 pertaining to a discovery application filed in the Eastern District of Virginia in the United States.
Sime Darby Plantation Berhad (SDP) commenced legal proceedings for discovery of critical information against Duncan Jepson on 9 March 2021 in the Eastern District of Virginia, United States of America.
Sime Darby Plantation Berhad (SDP) has appointed Impactt Ltd as a third-party assessor to its newly established Expert Stakeholder Human Rights Assessment Commission (the Commission).
For the Financial Year Ended 31 December 2020 (FY2020), Sime Darby Plantation Berhad (SD Plantation) recorded a turnaround in its financial performance with a net profit of RM1.2 billion as compared to a net loss of RM200 million in FY2019.
Sime Darby Plantation Berhad (SDP) refers to a recent news report headlined “Buyers shun major Malaysian palm oil producers after forced labour allegations”.