Analysis: DSV – flipping coins after 150 days of extravagance
It is not always 50:50
Earlier this week, credit rating agency Moody’s, by far the most prominent and influential agency in the field, assigned “a first-time A3 long-term issuer rating” to DSV Panalpina (DSV PAN).
How cool was that? Surely another little step towards building their Viking Empire via transformational M&A. Yet inevitably it also raises some pertinent considerations for the supply chain and the pricing of risk for the major actors.
Firstly, arguing in favour of a “stable outlook” – which is often the case with ...