RAM Ratings keeps Silver Bird's A2 rating, cuts outlook.

(ADPnews) - Aug 27, 2009 - RAM Ratings confirmed today its long-term A2 rating on the MYR 70 million (USD 19.8m/EUR 13.9m) serial bonds of Malaysian company Silver Bird Group Berhad (KUL:SILVER), or SBGB.

The agency also affirmed its long-term A2 and short-term P2 ratings on the company's MYR 30 million commercial paper/medium-term note programme.

The outlook on the long-term ratings was lowered to "negative" from "stable".

SBGB is active in manufacturing and distribution of food, as well as in the telecommunication sector.

The ratings are supported by SBGB's position as one of the main players in the domestic bread market, as well as …