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.

Photo: Hapag-Lloyd

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.

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

Maersk drops blockchain platform

Tradelens, a blockchain platform established by Maersk, is being scrapped by the shipping giant over the next few months due to a lack of support from the industry.

Further reading

Related articles

Latest news

See all jobs