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Moody's raises credit rating for Maersk

Credit rating bureau Moody's has raised its long-term rating of Maersk based on the shipping company's disciplined approach to reducing debt as well as a favorable market environment, among other things, writes analyst.

Container carriers have taken Moody's by surprise

Container carriers such as Maersk, Hapag-Lloyd and CMA CGM have managed and operated their fleets in a way which makes Moody's reconsider its rather pessimistic view of the sector in light of the coronavirus, the credit rating bureau tells ShippingWatch.

CMA CGM close to downgrade by Moody's

The coronavirus' impact on the global container market makes Moody's doubt whether CMA CGM can maintain its rating. It looks more serious than the bureau's outlook for Maersk and Hapag-Lloyd.

Moody's lowers Maersk's outlook after corona crisis

The rapid development of the corona crisis and the subsequent lockdowns hit the container industry so hard that rating bureau Moody's now lowers A.P. Moeller-Maersk's outlook from "stable" to "negative".

Moody's: Maersk hit hardest by coronavirus

Among the three major European container lines covered by credit rating agency Moody's, Maersk is hit the hardest by the coronavirus. But CMA CGM and Hapag-Lloyd are also impacted by the outbreak, Moody's states.

Moody's: Two tough years ahead for container carriers

ShippingWatch has asked Moody's Maersk expert Maria Maslovsky to elaborate on whether the concerns about Maersk represent concerns about the entire container industry. And on why the ratings bureau is not convinced by Maersk's repeated reference to its robustness.

DP World upgraded by rating agency

On the same day as the Unifeeder acquisition went through, port company DP World had its credit rating upgraded by the recognized agency Moody's.

Moody's has renewed faith in the shipping industry

One of the world's leading rating agencies, Moody's, once again believes in the shipping sector which no longer has negative prospects. There are positive expectations to the container and dry bulk segments, shows a report from the firm. It is a whole other story for tanker carriers.

Maersk plans to keep raising money with bonds

"We're absolutely determined to stay investment grade," Maersk CFO Jakob Stausholm tells Bloomberg, after observers such as Danske Bank have warned that Maersk is at risk of being downgraded to a junk rating.

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