Moody's raises Maersk's outlook after strong quarters
Credit rating agency Moody’s has upgraded its outlook for the Maersk group following the company’s recent quarterly reports.
by marketwire
A.P. Moller-Maersk has performed very well in recent quarters, prompting credit rating agency Moody’s to raise its outlook for the shipping company’s debt position, according to a statement on Friday.
Outlooks are raised to ”positive” from ”stable.” Furthermore, credit rating ”Baa2” is confirmed. The outlook provides an indication of the direction for a future credit rating.
”Maersk continued to strengthen its operating performance over the recent quarters, supported by efficiency improvement measures and a favorable market environment for container shipping”, says Daniel Harlid, lead analyst for Maersk, according to Bloomberg.
English edit: Kristoffer Grønbæk
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