Moody's lowers credit rating for Ceva Logistics
Credit rating agency Moody's has lowered the rating of CMA CGM's logistics company Ceva Logistics. Moody's holds that the French carrier may have to send additional funds to the company, which it acquired a year ago.
Moody's believes that the outlook for Ceva Logistics is so dark that the credit rating agency has lowered its rating from B3 to Caa1 "with a negative outlook".
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