The American rating agency Standard & Poor’s Global Rating (S&P) has upgraded Hapag-Lloyd’s credit rating from BB to BB+ with a “stable” outlook, while the company’s senior unsecured bond rating was also upgraded from BB to BB+.
S&P claimed that Hapag-Lloyd’s preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) of US$12.46 billion (€10.9 billion) in 2021 quadrupled year-on-year, exceeding the rating agency’s forecast made in March last year by a factor of two.
“We...
https://container-news.com/standard-poors-upgrades-hapag-lloyds-rating/