ShippingWatch

CMA CGM's acquisition of Ceva Logistics triggers credit downgrade

French CMA CGM's liquidity profile has been "weakened materially" by the acquisition of Ceva Logistics, and this now makes Moody's lower its rating of the liner company.

Photo: Philippe Wojazer/Reuters/Ritzau Scanpix

Credit rating bureau Moody's lowers its rating of French container shipping line CMA CGM.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Tanker companies pay out massive dividends

Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.

Further reading

Related articles

Latest news

See all jobs