credit ratings

Moody’s & S&P Upgrade Corporate & Senior Unsecured Bond Rating

  • Container shipping has performed strongly despite the pandemic.
  • Hapag-Lloyd with robust operating performance in the current market environment.
  • Debt reduction has clearly exceeded expectations.

According to a press release published by Hapag Lloyd, The rating agencies Moody’s Investor Service (Moody’s) and Standard & Poor’s Global Rating (S&P) have published updated credit ratings for Hapag-Lloyd.

Moody’s upgrade

Moody’s raised Hapag-Lloyd’s credit rating by one notch, from ‘Ba3’ to ‘Ba2’. In...

https://mfame.guru/moodys-sp-upgrade-corporate-senior-unsecured-bond-rating/

Trailer maker Wabash faces headwinds into 2021, Moody’s says

Wabash trailer on highway

The expectation of “meaningful downwards pressure on revenue and earnings likely into 2021, amid deteriorating end market fundamentals and weak macro conditions, heightened by the coronavirus outbreak,” was the justification for lowering trailer manufacturer Wabash National’s (NYSE: WNC) credit ratings.

In the Wednesday report, Moody’s Investors Service announced it had lowered the Lafayette, Indiana-based company’s debt, probability of default and speculative grade liquidity ratings another...

https://www.freightwaves.com/news/trailer-maker-wabash-faces-headwinds-into-2021-moodys-says

Daseke ratings review confirms recent downgrade

Daseke flatbed on highway

The nation’s largest flatbed carrier Daseke Inc. (NASDAQ: DSKE) had its recently lowered credit ratings confirmed by Moody’s Investors Service (Moody’s Corp. NYSE: MCO). The June 10 action by the firm confirms the company’s debt rating at B3 and changes the company’s ratings outlook, which was “under review,” to “stable.”

Daseke’s debt, default and liquidity ratings had been under review for “further downgrade” following a March 30 ratings downgrade.

According to the report, Moody’s took into...

https://s29755.pcdn.co/news/daseke-ratings-review-confirms-recent-downgrade