S&P raises rating on CMA CGM

Markets

Friday, March 01, 2013

The rating agency Standard and Poor's said CMA CGM's liquidity has improved since it closed on a financial restructuring and equity deal. S&P on Thursday raised its corporate credt rating on the French container carrier to B- from CCC+ and the issue rating on the company's senior unsecured notes to CCC from CCC-. "The rating remains on CreditWatch with positive implications, as we could raise our ratings on CMA CGM within the next three months if it...

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