S&P lowers Wan Hai Lines view to stable

S&P said it revised the outlook on its long-term issuer credit rating on Wan Hai Lines Ltd. to stable from negative.

The agency also said it affirmed the company's BB+ long-term issuer credit rating.

The outlook revision reflects a view that Wan Hai's improving profitability and moderate capital spending will enable the company to sustain its low debt leverage over the next two years, S&P said.

The agency said it expects the carrier to maintain better profitability than its peers, underpinned by Wan Hai's leading market position on intra-Asia routes and its comprehensive network.

The volatility is profitability is expected to decline slightly because of industry consolidation that has improved market discipline in the global container shipping industry, S&P said.

© 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.