S&P said on Friday Serba Dinamik's (B+/Stable/--) proposed bond buyback will reduce financing costs and diversify its capital sources.
KUALA LUMPUR: Serba Dinamik Holdings Bhd
's proposal to buy back US$100mil (RM430mil) using two long-term bank facilities has received positive response from S&P Global Ratings and Fitch Ratings.
S&P said on Friday Serba Dinamik's (B+/Stable/--) proposed bond buyback will reduce financing costs and diversify its capital sources.
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