Standard & Poor’s has taken Hapag-Lloyd off its CreditWatch list following its merger with UASC.
The ratings agency has also reiterated its B+ rating on the German container line with no further major investments expected during the next few years.
“Hapag-Lloyd has demonstrated its ability to integrate acquired businesses and extract synergies, for example, after the 2014 takeover of the container liner shipping activities of Chile-based CSAV, which underpins our rating action,” S&P’s analysts said.
