Moody's notes major debt issues in Hapag-Lloyd acquisition

The major German container carrier Hapag-Lloyd's takeover of the Arab carrier UASC means a severe increase in debt, according to the assessment from rating agency Moody's, which thus trims the top off of Hapag-Lloyd's credit rating.

Photo: Hapag-Lloyd

The major international credit rating agency Moody's has reacted with a downgrade of Hapag-Lloyd after the German carrier's takeover of UASC.

What many industry stakeholders would consider fairly reasonable in an industry that needs fewer players, Moody's on the other hand views as a dangerous increase of debt in Hapag-Lloyd, according to a statement from the credit rating bureau.

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