TEXT-S&P rates Sime Darby Bhd. 'A' & 'axAAA';outlook stable

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By Satish K.B Jan 11 (Reuters) - (The following statement was released by the rating agency) Jan 11 - Overview -- Sime Darby has good-to-strong competitive positions in plantation, heavy equipment, and motor distribution; it also has generally strong operating cash flows. -- But the profitability of the Malaysian conglomerate will likely decline over the next 12-24 months, given a weaker outlook for commodity ...

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