Favorable CPO prices and operating efficiency that is better than the industry average will support IOI's operating performance in 2012-2013, in our opinion. We are affirming our 'BBB+' long-term corporate credit rating on IOI. At the same time, we are affirming the 'BBB+' issue rating on the company's guaranteed notes. The stable outlook reflects our expectation that IOI's operating and financial performance will remain steady over the next 12-18 months. SINGAPORE (Standard&Poor's) May 14, 2012--Standard&Poor's Ratings Services today affirmed its 'BBB+' corporate credit rating on Malaysia-based palm oil producer IOI Corp. Bhd. The outlook is stable. At the same time, we affirmed the 'BBB+' issue rating on the company's guaranteed senior unsecured notes and our 'axA+'
