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Hapag-Lloyd risks credit rating setback after merger rumors

Rating bureau Standard & Poor's looks set to downgrade Hapag-Lloyd's credit rating if the German carrier merges its container activities with UASC.

Photo: Hapag-Lloyd

The international rating bureau Standard & Poor's has placed Hapag-Lloyd on its credit watch list.

The move comes after the German carrier's announcement that it is weighing a potential merger of its container activities with United Arab Shipping Company (UASC).

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