Moody’s Cuts Maersk’s Credit Rating Amid Fears for Box Shipping Sector

Capt. John

By Mike Wackett (The Loadstar) – Maersk has had its credit rating cut by ratings agency Moody’s to one grade above junk, with the agency concerned about a “significant downside” for the container industry. Moody’s said on Friday it was downgrading Maersk from Baa2 to Baa3, which is at the bottom of...

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