Moody’s upgrades Hapag-Lloyd to ‘Ba1’
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EQS-News: Hapag-Lloyd AG
/ Key word(s): Rating
Moody’s upgrades Hapag-Lloyd to ‘Ba1’
The rating agency Moody’s Investors Service (Moody’s) has today raised Hapag-Lloyd’s credit rating by one notch from ‘Ba2’ to ‘Ba1.’ This is the highest credit rating assigned to Hapag-Lloyd since the rating initiation by Moody’s in 2010. Additionally, the senior unsecured bond rating was raised from ‘Ba3’ to ‘Ba1.’ The ratings have been assigned a ‘stable’ outlook. With the improved ratings, Moody’s acknowledged that Hapag-Lloyd has performed strongly in a challenging geopolitical environment. Hapag-Lloyd’s continued prudent balance sheet management and strong liquidity position were also positively emphasized. The upgrade of the bond rating by two notches was mainly due to the high proportion of unencumbered assets. “We are very pleased that Moody’s has once again recognized Hapag-Lloyd’s earning power as well as its vigorous balance sheet and liquidity management with an upgrade. We will stick to our prudent financial policy and work intensively to continue improving our competitive and cost position as part of our Strategy 2030,” said Mark Frese, CFO/CPO of Hapag-Lloyd AG. About Hapag-Lloyd Disclaimer Press contacts Nils.Haupt@hlag.com / +49 40 3001-2263 Tim.Seifert@hlag.com / +49 40 3001-2291 Contact for investors Alexander.Drews@hlag.com / +49 40 3001-3705
19.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Hapag-Lloyd AG |
| Ballindamm 25 | |
| 20095 Hamburg | |
| Germany | |
| Phone: | +49 (0) 40 3001 – 3705 |
| Fax: | +49 (0) 40 3001 - 72896 |
| E-mail: | ir@hlag.com |
| Internet: | www.hapag-lloyd.com |
| ISIN: | DE000HLAG475 |
| WKN: | HLAG47 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2055079 |
| End of News | EQS News Service |
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2055079 19.12.2024 CET/CEST
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