It said: “We believe weak fundamentals in the shipping industry are likelyto slow a recovery in Kawasaki Kisen's financial performance.”
The BB rating for the owner’s long-term corporate credit and debt will beunder scrutiny for the next 90 days as S&P examines the chances ofimprovement in its profitability, cash flow, and financial standing, followinga meeting with bosses.
“We will focus on the outlook for the shipping market, counter-measures thecompany is taking, and its plans for capital expenditures and asset sales,” itadded.
The
