Danske Bank: New Maersk acquisition could strain credit rating

A price-tag of USD four billion for Hamburg Süd will put pressure on Maersk's asset values and increase investors' fears for a downgrade of the conglomerate's credit rating, projects Danske Bank.

Photo: Maersk Line

Maersk Line's acquisition of Hamburg Süd could spark increased concerns among investors for a possible downgrade of Maersk's credit rating, while as a merger of the two container carriers could contribute further to major fluctuations in Maersk Group's new Shipping & Logistics unit, projects Danske Bank in an update following Thursday's announcement that Maersk Line will purchase the world's seventh-largest container carrier from Germany's Oetker family for an undisclosed billion dollar figure.

The bank points to a price of around USD four billion for Hamburg Süd, and this price will – in spite of the long-term potential for beneficial synergies as well as the transactions role in cementing Maersk Line's leadership position – put pressure on Maersk's asset values and increase fears among investors that a potential new downgrade could be underway, from BBB- to BBB Negative, notes Danske Bank.

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