Fitch Ratings has kicked off coverage of containership giant Seaspan Corp with a positive review of its liquidity and cash flow.
Seaspan, a subsidiary of New York-listed Atlas Corp, was awarded a BB issuer default rating, and the same mark for its $200m 6.5% notes due in 2024 and the $300m 6.5% notes due in 2026.
The outlook for the ratings is stable.
