Search results for: S&P Global Ratings

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  • 15 November 2016
    Business & Finance

    The long-term counterparty credit rating of Danish conglomerate A.P. Moller – Maersk has been lowered to BBB from BBB+, while the outlook is negative, according to Standard & Poor’s Global Ratings. Additionally, S&P Global Ratings lowered its issue ratings on Maersk’s senior unsecured debt to BBB from BBB+ and removed all ratings on Maersk from […]

  • 11 November 2019
    Business & Finance

    New charters at favorable rates and extended debt maturities were just some of the factors that led to the upgrade.

  • 6 July 2018
    Business & Finance

    Standard & Poor’s revised its outlook on the Panama Canal from stable to positive.

  • 30 August 2018

    Fitch Ratings has affirmed the Panama Canal Authority’s ‘A’ investment grade rating for the third year in a row.

  • 30 July 2018
    Business & Finance

    The Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds on Tuesday, July 24, 2018. According to their official announcement, these bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the port. Wells Fargo Securities […]

  • 17 December 2018
    Business & Finance

    Moody’s: Panama Canal Authority’s A2 long-term rating has been reaffirmed with a stable outlook.

  • 19 August 2019
    Business & Finance

    Panama Canal is “an underlying asset that is critical not only for Panama, but for international commerce,” Fitch said.

  • 30 July 2018

    The Port of Corpus Christi has raised USD 216.2 million from the sale of Senior Lien Revenue Bonds.

  • 25 February 2019
    Business & Finance

    MISC Group closed 2018 with 12.8% lower revenue year over year. 

  • 16 June 2020
    Business & Finance, Business developments & projects, Exploration & Production, Market outlooks, Outlook & strategy

    There is a case to be made that the coronavirus crisis has been setting the stage for the restructuring of the offshore drilling market.

  • 11 November 2019

    The recent start-up of the Equinor-operated giant Johan Sverdrup offshore oil field in Norway has spurred the credit rating agency S&P Global to upgrade Aker BP’s credit rating.

  • 2 November 2016
    Exploration & Production

    Credit Rating’s agency Standard and Poor’s has downgraded its corporate credit rating on Houston-based offshore drilling company Diamond Offshore Drilling Inc. to ‘BB+’ from ‘BBB’. The rating outlook is negative. S&P pointed to the persisting weak conditions in the global offshore drilling industry, caused by limited demand and the “still increasing” rig supply. Apart from […]

  • 22 August 2016
    Project & Tenders, Vessels

    Qatar’s Nakilat, the world’s largest LNG shipper, signed a contract with Global Eagle Entertainment’s Emerging Markets Communications (EMC) service to provide marine VSAT services for its LNG and LPG fleet.

  • 10 December 2018
    Business & Finance

    Moody’s has downgraded Maersk’s issuer rating and senior unsecured rating to Baa3, with stable outlook.

  • 7 May 2019
    Business & Finance

    Siemens Gamesa has obtained an investment grade rating, becoming the first global wind turbine manufacturer to do so. Standard & Poor’s (S&P) awarded Siemens Gamesa with a BBB long-term credit rating with positive outlook and Moody’s assigned the company a Baa3 outlook stable rating. According to Siemens Gamesa, both agencies underscored the company’s leading position […]

  • 28 November 2017
    Business & Finance

    Credit ratings agency Standard and Poor’s has revised its outlook for oil major Total from negative to stable. S&P affirmed its ‘A+’ long-term and ‘A-1’ short-term corporate credit ratings on the company. “The outlook revision reflects our view of Total’s strengthening cash flow generation. The strengthening reflects robust downstream performance, moderating capital expenditures (capex), and […]

  • 22 December 2015
    Business & Finance, Equipment

    ITC Global, a provider of satellite communications to offshore sites, has been awarded two contracts to provide remote offshore communications to five floating production, storage and offloading (FPSO) vessels based in Western Africa. The company said both contracts spanned three years with services being delivered to several major European-based oil and gas companies including Saipem and Eni […]

  • 21 December 2016
    Business & Finance

    The issuer rating and senior unsecured rating of Danish shipping and oil giant A.P. Møller-Mærsk A/S have been downgraded to Baa2 from Baa1, according to Moody’s ratings agency. Moody’s also downgraded Maersk’s medium-term note (MTN) program rating to (P)Baa2 from (P)Baa1. All ratings were placed on negative outlook. “The downgrade reflects our expectation of reduced diversification following […]

  • 18 August 2010

    In the latest sign of a rebound in the container shipping industry, Denmark’s largest company A.P. Moeller-Maersk A/S (MAERSK-B.KO) Wednesday reported a return to profit in the first six months of the year, as expected, and raised its earnings expectations for the second time in as many months as a recovery in the global economy […]

  • 13 April 2012
    Business & Finance

    According to the chairman of parent group A.P. Moller-Maersk, Maersk Line, global top container shipping company, will lose money this year as well regardless of recent freight rate increases, Reuters informs. Speaking at the annual general meeting of shareholders, Michael Pram Rasmussen, chairman of the A.P. Moller-Maersk board, confirmed the predictions from the company’s annual […]

  • 20 June 2014
    Business & Finance

    Pulling the plug on the plans to set up an operational alliance between the world’s three biggest container shipping groups (Maersk, Mediterranean Shipping Company and CMA-CGM), the so called P3 Network,  by Chinese regulators was caused by legal uncertainties, the Global Shippers’ Forum (GSF) claims. The group had hoped to form the so-called P3 Alliance […]

  • 3 March 2016

    Credit rating agency Moody’s said Wednesday it has downgraded Inpex Corp’s credit rating. Moody’s downgraded Japan’s Inpex rating to A2 from A1, and said the outlook on the rating was negative. The downgrade principally reflects  Moody’s expectation that the company’s profitability will “deteriorate significantly as a result of sustained low oil prices” . “The company’s weakened […]