S&P: Sud Americana de Vapores view to negative

Standard & Poor's said it revised the outlook to negative from positive on Compania Sud Americana de Vapores (CSAV).

The agency also affirmed the long-term corporate credit rating at B.

The rating reflects a view of the company's weak business risk profile and aggressive financial risk profile, S&P said.

Its exposure to the volatile container-shipping markets and its high dependence on chartered vessels drive the company's business profile, the agency said.

The company's significant debt and volatile free cash flow underpin its aggressive financial profile, S&P added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.