The downgrade follows the confirmation from Serba Dinamik that it missed the interest payment on its 2022 senior unsecured sukuk and entered a 30-day grace period.
PETALING JAYA: Fitch Ratings has downgraded Serba Dinamik Holdings Bhd
’s long-term issuer default rating to C from CCC-, on the same day TA Securities Research ceased its coverage on the energy-service provider.
The downgrade follows the confirmation from Serba Dinamik that it missed the interest payment on its 2022 senior unsecured sukuk and entered a 30-day grace period.
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