Moody's: Corona outbreak poses severe challenge to CMA CGM's liquidity
Coronavirus and its impact on the container industry spell bad news for CMA CGM in its attempts to raise liquidity and lower its debt, Moody's tells ShippingWatch. Overall 2020 global GDP growth could be revised down to 1.4 percent.
Moody's expects that CMA CGM's attempts to improve its liquidity and lower its debts can be severely challenged if the coronavirus and the implications for the container market are not contained soon.
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