Moody's ponders Maersk rating downgrade

The Maersk senior management team's decision to split the group in two is now making credit rating bureau Moody's question the conglomerate's debt situation. This will "likely" result in a downgrade, as significant parts of the oil income will no longer help bolster the transport division.

Photo: Maersk Line

While the Maersk Group senior executive team has just concluded a comprehensive process aimed at laying out the broad outlines of the conglomerate's future setup, a new, challenging process will now begin. As such, the group will now have to defend its decision to split the conglomerate in two, and one significant player is already calling for an explanation from the Danish transport and energy behemoth.

Moody's announced on Tuesday night CET that, going forward, the rating bureau will consider downgrading its rating of Maersk's debt.

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