S&P Global Ratings downgrades Serba Dinamik’s credit rating


S&P Ratiings said it lowered to 'B-' from 'B+' the long-term issuer credit rating on Serba Dinamik and the long-term issue ratings on the company's guaranteed sukuks.

KUALA LUMPUR: S&P Global Ratings has downgraded Serba Dinamik Bhd’s credit rating on reduced funding access and put it on credit watch negative on rising refinancing risks.

It faces heightened refinancing risk of its US dollar-denominated RM900mil Sukuk due May 2022 because of weakened market access due to a pending special independent review.

Save 30% and win Bosch appliances! More Info

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Lower earnings forecast for private hospitals in 1Q
MN Holdings on track to win more data centre jobs
IJM’s UK expansion to strengthen recurring income
Wawasan Dengkil’s IPO oversubscribed
Matrade chairman’s tenure extended another two years
Avangaad signs RM49mil deal
Kerjaya Prospek secures RM11mil Andaman job
New Zealand pitches itself as haven in ‘global storm’
Steady recovery in industrial activity
Sin-Kung to launch air cargo services in 3Q25

Others Also Read