CMA CGM close to downgrade by Moody's

The coronavirus' impact on the global container market makes Moody's doubt whether CMA CGM can maintain its rating. It looks more serious than the bureau's outlook for Maersk and Hapag-Lloyd.

Photo: PR / CMA CGM

French container shipping line CMA CGM risks losing its current credit rating from Moody's as a consequence of the escalating corona crisis.

In a review of the company, Moody's puts its current B2 rating on review for downgrade.

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

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Further reading

Related articles

Latest news

See all jobs