Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mitsui O.S.K. Lines Ltd. > News item |
Moody’s might cut Mitsui O.S.K.
Moody's Investors Service said it placed Mitsui O.S.K. Lines, Ltd.'s Ba1 corporate family rating on review for downgrade.
“We expect MOL's leverage will likely stay at its high level of above 7.5x for the next several years and surpass our downgrade trigger of 7.0x,” Motoki Yanase, vice president and senior credit officer, said in a news release.
The agency said that this debt/EBITDA leverage metric does not appear likely to improve materially without substantial efforts to reduce debt.
© 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.