CMA CGM’s liquidity profile weakened in the last 12 months as a consequence of the CEVA Logistics acquisition.
https://worldmaritimenews.com/archives/283777/moodys-downgrades-cma-cgm-due-to-weakened-liquidity/
Moody’s
Moody’s upgrades Panama Canal
Moody’s Investors Service upgraded the 20-year $450 million Senior Unsecured Bonds issued by the Panama Canal Authority (ACP) to A1 from A2, with a stable outlook, based on the waterway’s strong performance since the expansion’s inauguration.
Moody’s noted that the Expanded Canal has increased overall tonnage and attracted new market segments, contributing to the waterway’s strong performance. According to Moody’s, “stronger cash flow generation coupled with a relatively low leverage has...
Moody’s Upgrades Panama Canal’s Long-Term Rating
Moody’s upgrades the 20-year USD 450 million Senior Unsecured Bonds issued by the Panama Canal to A1 from A2.
https://worldmaritimenews.com/archives/273000/moodys-upgrades-panama-canals-long-term-rating/
Moody’s upgrades Hapag-Lloyd
Rating agency Moody’s has upgraded Hapag-Lloyd’s corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable. The improved rating acknowledges Hapag-Lloyd’s progress in integrating United Arab Shipping Company Limited (UASC) while reducing leverage and generating positive free cash flow on the back of tight cost management and increased efficiencies, Moody’s concluded in its press release published today.
The rating upgrade...
Moody’s Upgrades Hapag-Lloyd Ratings, Outlook Stable
Moody’s upgraded the corporate family rating of Hapag-Lloyd to B1 from B2.
https://worldmaritimenews.com/archives/271606/moodys-upgrades-hapag-lloyd-ratings-outlook-stable/
Moody’s Lowers MOL’s Rating over Its Large Debt
Moody’s Japan K.K. has downgraded Mitsui O.S.K. Lines’ (MOL) corporate family rating to Ba2 from Ba1.
https://worldmaritimenews.com/archives/267364/moodys-lowers-mols-rating-over-its-large-debt/
Moody’s Reaffirms Panama Canal’s A2 Long-Term Rating
Moody’s: Panama Canal Authority’s A2 long-term rating has been reaffirmed with a stable outlook.
https://worldmaritimenews.com/archives/266827/moodys-reaffirms-panama-canals-a2-long-term-rating/
Moody’s Downgrades Maersk’s Ratings, Outlook Stable
Moody’s has downgraded Maersk’s issuer rating and senior unsecured rating to Baa3, with stable outlook.
https://worldmaritimenews.com/archives/266328/moodys-downgrades-maersks-ratings-outlook-stable/
Moody’s downgrades Maersk’s credit rating amid fears for box shipping sector
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 its investment grade bond ratings, and just one notch above grades “judged to have speculative elements and a significant credit risk”.
Moody’s vice president, and senior …
The post Moody’s downgrades Maersk’s credit rating amid...
https://theloadstar.co.uk/moodys-downgrades-maersks-credit-rating-amid-fears-box-shipping-sector/
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