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CMA CGM's credit rating could improve soon

Just one day after CMA CGM announced a major divestment of assets, the first major bank is now assessing the possibility of raising the company's rating, which has been under pressure due to high debt. Liquidity remains low, however, according to OCBC.

Photo: JEAN-PAUL PELISSIER/REUTERS / X00211

If CMA CGM's plan was to improve its rating by divesting assets worth nearly USD 2 billion, it now appears it may have succeeded in doing so. Today, Singapore-based OCBC Bank announced that it is considering raising the French shipping company's credit rating.

OCBC's department of credit research has examined CMA CGM's figures after the shipping company announced its major divestment yesterday.

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