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.
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