Moody’s Investors Service has upgraded the corporate family rating (CFR) of the Greek ship owner Danaos Corporation to “Ba3” from “B1”, with the outlook changing to “stable” from “positive”.
According to Moody’s, this action shows the continued strong operating performance and Danaos’ debt reduction measures, which are helped by the current very strong demand recorded by container vessels, with freight rates being at record levels.
The Greek company has a good liquidity profile since it managed...