Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wan Hai Lines Ltd. > News item |
Moody's rates Wan Hai notes Baa2
Moody's Investors Service said it assigned a provisional Baa2 rating to the proposed $300 million to $400 million 10-year senior unsecured bonds to be issued by Wan Hai Lines Pte Ltd.
The outlook is stable.
The ratings reflect the group's very well-established position, strong market share and track record in the container trade business and its stable revenue generation, a result of relatively stable freight rates and its long relationship with a diversified customer base, the agency said, adding Wan Hai's good financial flexibility and liquidity.
Moody's, though, also said it considers the cyclical shipping market, the group's gradual shift into long-haul trade lines that will increase cash flow volatility and its significant capex program, which will increase borrowings.
© 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.