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Moody's: No impact on IOI Corp debt ratings.
MOODY'S Investors Service said it sees no impact on the "Baa1" issuer and senior unsecured debt ratings and its stable outlook of IOI Corp Bhd, after the latter's announcement that it will offer to privatise its property unit, IOI Properties Bhd.
"The cash outflow - an aggregate of about RM64 million - from IOI and new shares to be issued will not be material if the voluntary takeover is completed," said Moody's vice-president and senior vice-president Peter Choy in a statement yesterday.
"The increased ownership of IOI Properties, already 76 …
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