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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.

Photo: Stine Rasmussen/JPA

Maersk's credit rating has been raised to Baa2 from Baa3 at credit rating agency Moody's, announces Moody's on Monday afternoon.

"Maersk continued to strengthen its operating performance over the recent quarters, supported by efficiency improvement measures and a favorable market environment for container shipping," writes analyst Daniel Harlid.

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