DFDS: Financial interventions weaken our loan options

A ban on ratings of corporate bonds at major banks could make DFDS opt out of the bond market. "It would certainly become more difficult and entail higher interests," says Torben Carlsen, CFO at DFDS, which has two bond loans.

The European Securities and Markets Authority's requirement for major Nordic banks to stop credit ratings of corporate bonds could ultimately mean that DFDS has to opt out of the bond market next time the company taps the loan market, DFDS CFO Torben Carlsen tells ShippingWatch.

"This is not good. It means that for a company such as DFDS, which does not have a large series of bonds and as such would not invest in an official rating, it will certainly become more difficult to issue bonds. And this will typically be expressed in the form of higher interest rates because there would be greater requirements for returns from the investors," explains Torben Carlsen.

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