Moody’s says it will “likely” downgrade its rating of AP Moller-Mærsk following its decision to split into two separate entities.
The ratings agency has placed Maersk’s Baa1 issuer rating, Baa1 senior unsecured rating and the Baa1 medium-term note (MTN) program rating on review for downgrade.
“We have placed the ratings of Maersk on review for downgrade because we believe that its business diversification will reduce significantly with the separation of its energy businesses which represented 62% of ebitda as of the first half of 2016,” said Maria Maslovsky, Moody’s lead analyst for Maersk.
“The
