Favorable plantation profile and downstream integration Intermediate financial risk profile and sound access to capital markets Competitive cost position Industry risks associated with the plantation business Increasing exposure to the property segment The rating on IOI Corp. Bhd. reflects the company's integrated palm oil operations, the favorable age profile of its palm plantations, its sound access to capital markets, and competitive cost position. Industry risks associated with the plantation business, and IOI's increasing exposure to property development partly offset these strengths. We continue to assess IOI's business risk profile as "satisfactory" and its financial risk profile as "intermediate". IOI is a Malaysian palm oil producer. The integration of IOI's plantation business with downstream manufacturing supports the company's business risk profile.