“The Baa3 issuer rating of Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK) has been placed on review for downgrade, according to Moody’s rating agency. “We expect NYK’s leverage will likely stay at its high level of above 7.0x for the next several years and surpass our downgrade trigger of 6.5x,” Motoki Yanase, a Vice President and Senior Credit Officer, said.” To learn more, see the original story at World Maritime News.
Source: World Maritime News (JB)
Source: World Maritime News