Maersk bonds close to falling in with bad crowd
According to Danske Bank, Maersk's corporate bonds are already trading based on the expectation that Standard & Poor's will further lower the group's rating soon. As such, the Maersk bonds face ending up as junk bonds which could cost the group billions in extra loan expenses.
Standard & Poor's (S&P) downgraded Maersk's rating this Tuesday to BBB, a move that generated serious concerns among investors on the financial markets regarding the strength of the major transport and energy group.
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