News / Moody's downgrades Maersk's credit rating amid fears for box shipping sector

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Maersk has had its credit rating cut by ratings agency Moody’s to one grade above junk, with the agency concerned about a “significant downside” for the container industry.

Moody’s said on Friday it was downgrading Maersk from Baa2 to Baa3, which is at the bottom of its investment grade bond ratings, and just one notch above grades “judged to have speculative elements and a significant credit risk”.

Moody’s vice president, and senior analyst, Maria Maslovsky, added: “The downgrade reflects our expectation that ...