Comment / Against the odds: CMA CGM's buoyant war chest – make it $15bn...base case

Keeping in mind that CMA CGM has the full backing now of the rating agencies…

… while, all things considered, its 7.5% 2026 bonds are relatively steady – given their price range despite inflation expectations – and there doesn’t appear to be anything else to redeem or trade in the bond market….

… the annual consolidated numbers released on Friday by the French carrier were clearly a massive milestone in the group’s business history. Indeed, another one of those in shipping and ...