CMA CGM has seen its corporate family rating and the rating of its senior unsecured notes affirmed at B1 and B3 respectively by Moody’s.
The rating agency further assigned a B3 rating to the proposed EUR 300m ($354m) senior unsecured notes due 2025. The rating outlook has been revised to positive from stable.
“Our decision to revise the rating outlook to positive follows CMA CGM’s ability to capitalize quickly and successfully on the recovery in the container market in particular in the second quarter of 2017,” said Moody’s lead analyst for CMA CGM Maria Maslovsky.
