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Moody's lowers Maersk's and Hapag-Lloyd's outlook after corona crisis

The rapidly extending corona crisis and its impact on the global container industry has prompted rating bureau Moody's to lower A.P. Moeller-Maersk's and Hapag-Lloyd's outlook from "stable" to "negative".

Photo: JASON REDMOND/REUTERS / X02204

Moody's has decided to lower A.P. Moeller-Maersk's and Hapag-Lloyd's outlook from "stable" to "negative" as a consequence of the rapid and widening spread of the coronavirus outbreak.

The rating bureau maintains the credit rating of the debts of the two European carriers, however, now with a more pessimistic view than only few weeks ago.

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