Moody´s ready to lift Hapag-Lloyd rating after merger
The acquisition of South American CSAV could bring a credit rating boost to Hapag-Lloyd, which has made significantly less money than its French rival CMA CGM over the last seven years, according to a new analysis by Moody's.
BY OLE ANDERSEN
German Hapag-Lloyd looks set to receive a boost over time to the container carrier's credit rating once the merger with South American CSAV is fully implemented. In any case, rating bureau Moody's estimates in a new analysis of Hapag-Lloyd's credit rating, compared to French CMA CGM, that the current gap between the two companies will be reduced over the next two years.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Hapag-Lloyd completes EUR 370 million capital increase
For subscribers
CMA CGM volumes at 12 million teu in 2014
For subscribers
Alphaliner questions Hapag-Lloyd acquisition
For subscribers
