KUALA LUMPUR (June 1): S&P Global Ratings said the timing of Serba Dinamik Holdings Bhd’s announced special independent review to resolve issues found in an audit will complicate the company’s efforts to refinance nearly RM1.7 billion in debt over the next 12 months. It has also lowered Serba Dinamik’s long-term issuer credit rating and its guaranteed sukuk’s long-term issue ratings to ‘B-‘ from ‘B+’, and placed the ratings on CreditWatch with negative implications.

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