Reduced debt prompts Moody's to upgrade Hapag-Lloyd's rating

Credit rating bureau Moody's upgrades Hapag-Lloyd's rating by a notch due to the German liner company's reduced debt and projected stable results.

Photo: HHM / Dietmar Hasenpusch

Hapag-Lloyd's credit rating has been taken up a notch by rating bureau Moody's.

The higher rating is first and foremost attributed to Hapag-Lloyd having successfully reduced its debt following the acquisition of United Arab Shipping Company (UASC), writes Moody's, which has raised the German container carrier's rating from B2 to B1 with a stable outlook.

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