Search results for: moodys

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  • 8 April 2015

    Liquefied natural gas suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of new LNG supply from Australia and the US, Moody’s Investors Service says in its new report, “Lower Oil Prices Cause Suppliers of Liquefied Natural Gas to Nix Projects.”

  • 24 June 2016
    Business & Finance

    As the shipping industry is expected to see its earnings worsen, while freight rates are likely to remain “depressed amid ample supply,” the outlook for the global shipping industry over the next 12-18 months is negative, according to Moody’s rating agency. The aggregate EBITDA of Moody’s-rated shipping companies is expected to drop by 7%-10% in 2016, Moody’s Vice President and Senior Analyst, Mariko […]

  • 13 October 2014
    Business & Finance

    Moody’s Japan K.K. said its outlook for the global shipping industry is stable, with moderate EBITDA growth expected amid continued vessel oversupply. The outlook was previously changed to stable from negative in April 2014. “We expect mid- to high-single-digit percentage aggregate year-over-year EBITDA growth for Moody’s rated shipping companies over the coming 12-18 months,” said […]

  • 11 December 2015

    The outlook for the US ports industry is stable for 2016 on the expectation of continued economic growth and a steady rise in US container volume, Moody’s Investors Service said. “We expect US container volume to grow 3% to 4% in 2016,” says Moody’s Analyst Moses Kopmar. “Although weaker global demand and a strong US […]

  • 26 September 2019
    Business & Finance

    CMA CGM’s liquidity profile weakened in the last 12 months as a consequence of the CEVA Logistics acquisition.

  • 13 July 2016

    Moody’s Investors Service said it has assigned an A3 foreign currency issuer rating to Petronas LNG Ltd (PLL), a trading company owned by Malaysian energy giant Petronas. Moody’s has also affirmed Petronas LNG’s A3 local currency issuer rating, the rating agency said on Wednesday. “PLL’s A3 foreign and local currency issuer ratings are positioned two […]

  • 16 May 2016

    Ratings agency Moody’s said it has completed the assessment of LNG producers RasGas 2 and RasGas 3, as well as LNG shipping giant Nakilat as part of its review initiated in March. Moody’s has confirmed the Aa3 guaranteed senior secured debt ratings of RasGas 2 and RasGas 3, and the agency has also confirmed the Aa3 […]

  • 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 […]

  • 8 April 2015

    Liquefied natural gas suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of new LNG supply from Australia and the US, Moody’s Investors Service says in its new report, “Lower Oil Prices Cause Suppliers of Liquefied Natural Gas to Nix Projects.”

  • 18 April 2016
    Business & Finance

    Bermuda-headquartered shipping company Teekay Corporation has seen its corporate family rating downgraded for the second time this year from B2 to B3 due to financial concerns, according to Moody’s rating agency. Furthermore, Moody’s said that it downgraded Teekay’s senior unsecured debt rating from B3 to Caa1, adding that the ratings are under review for further downgrade. “The rating downgrades reflect […]

  • 10 November 2015
    Business & Finance

    Moody’s Investors Service assigned a B2 rating to the USD 200 million add-on to Teekay Corporation’s (Teekay) existing 8.5% senior unsecured notes due 15 January 2020. The add-on notes are being issued under a supplement to the indenture of the 8.5% Notes and have the same terms, conditions and maturity date. Teekay intends to use […]

  • 17 December 2014

    Moody’s Investors Service has changed its outlook for the U.S. ports to stable from negative as container volumes continue to recover. Moody’s expects U.S. container volumes to rise 2%-3% in 2015, tracking growth in the U.S. economy. The slow but steady recovery in U.S. container volumes will enter its fifth consecutive year in 2015, after […]

  • 26 September 2018
    Business & Finance

    Moody’s affirmed Aa1 ratings for PSA International and PSA Corporation’s Aa1 issuer rating.

  • 29 November 2016
    Business & Finance

    The ratings of NYSE-listed tanker owner and operator Overseas Shipholding Group, Inc. (OSG) have been downgraded in anticipation of the spin-off of its international business/subsidiary, International Seaways, Inc. (INSW), previously named OSG International, Inc, according to Moody’s rating agency. This includes a downgrade of the company’s Corporate Family Rating (CFR) to B3 from B2 and Probability of […]

  • 19 June 2015
    Business & Finance

    Rating agency Moody’s Investors Service has changed to positive from stable the outlook on the B1 corporate family rating (CFR), the B1-PD probability of default rating (PDR) and the B3 senior unsecured rating of French liner company CMA CGM S.A. Concurrently, Moody’s has affirmed the ratings assigned to the company including its B1 CFR, B1-PD […]

  • 18 June 2015
    Business & Finance

    Rating agency Moody’s Japan K.K. downgraded Japanese shipping company Mitsui O.S.K. Lines’ (MOL) issuer rating from Baa3 to Ba1 on the ground of the company’s indebtedness and weak market conditions for container shipping and bulkers. “The rating action reflects our expectation that the company will not be able to deleverage fast enough to maintain its […]

  • 10 May 2016
    Business & Finance

    Japanese shipping majors Nippon Yusen Kabushiki Kaisha’s (NYK), Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha (K-Line) are faced with downgrades by the rating agency Moody’s amid lowered earnings stemming from volatile market conditions. The worst hit was Tokyo-based NYK whose outlook was revised to negative from stable, but with affirmed Baa2 long-term issuer rating. “The […]

  • 2 September 2016
    Business & Finance

    The long-term issuer rating of Global marine terminal operator DP World Limited has been upgraded to Baa2 from Baa3 and the long-term issuer rating of Jebel Ali Free Zone FZE (JAFZ) to Baa2 from Baa3,  according to Moody’s rating agency. “Our decision to upgrade DP World’s ratings is a result of the company’s credit metrics broadly […]

  • 22 January 2016

    Moody’s Investors Service has reduced its price estimates for Brent crude and West Texas Intermediate crude amid continued oversupply in the oil markets and the risk of additional supply from Iran. Moody’s has lowered its price estimate in 2016 for both Brent crude oil, the international benchmark, and West Texas Intermediate (WTI) crude, the North […]

  • 6 May 2015

    Moody’s Investors Service says that the expected surge in imports of liquefied natural gas will benefit the country’s leading importer of the chilled gas, Petronet LNG (PLL) and dominant gas distributor, GAIL, the most, because of the increased usage of their gas infrastructure. “India’s LNG imports should more than double to 24 million tonnes per […]

  • 6 May 2015

    Moody’s Investors Service says that the expected surge in imports of liquefied natural gas will benefit the country’s leading importer of the chilled gas, Petronet LNG (PLL) and dominant gas distributor, GAIL, the most, because of the increased usage of their gas infrastructure. “India’s LNG imports should more than double to 24 million tonnes per […]

  • 10 June 2016
    Business & Finance

    Russian maritime shipping company Sovcomflot PAO (SCF) has seen its corporate family rating (CFR) upgraded to Ba1 from Ba2 and probability of default rating (PDR) to Ba1-PD from Ba2-PD, according to Moody’s rating agency. Additionally, Moody’s upgraded to Ba2 from Ba3 SCF’s senior unsecured issuer rating and the senior unsecured rating of the USD 800 million […]