European container lines exit coronavirus crisis with improved credit ratings

Credit rating bureau Moody's now has a more positive outlook for four European container lines, including Maersk, than it did prior to the coronavirus crisis. Things are looking different for the Asian carriers.

Photo: PR / Hapag-Lloyd/shutterstock

Several container lines now have a better credit rating than they did before the coronavirus crisis erupted earlier this year, namely the four European shipping companies Maersk, CMA CGM, Hapag-Lloyd and Global Ship Lease, reports Alphaliner.

When the coronavirus hit the world earlier this year, it made credit rating bureau Moody's downgrade its rating of all six shipping companies it follows, citing fears that the slowdown in the global economy would hit the companies.

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