17.02.2015 09:00:00

CMA CGM S.A. -- Moody's: Shipping company CMA CGM's creditworthiness is stronger than peer Hapag-Lloyd's

Paris, February 17, 2015 -- The credit profile of French container shipping company CMA CGM S.A. (CMA, B2 positive) is more robust than that of German competitor Hapag-Lloyd AG (HL, B2 negative) on account of its higher profitability, bigger market share and more diverse geographic presence, says Moody's Investors Service in an Issuer In-Depth report. However, HL's financial and liquidity profile has been more stable than CMA's, while Moody's expects both companies' credit metrics to reduce some of their gap.

Vollständigen Artikel bei Moodys lesen