Rating agency Moody’s has upgraded the outlook on the ratings of the world’s largest container shipping company Maersk from negative to positive.
Concurrently, Moody’s affirmed the Baa3 long-term issuer rating of the company.
“Following a very strong performance amidst the global pandemic by the container shipping industry, Maersk’s credit metrics have continued to strengthen during the first half of 2020,” says Daniel Harlid, lead analyst for Maersk.
As disclosed, a continuation of the recent performance and credit metrics improvements trend could support further positive rating pressure over the next 12 to 18 months.
