“K” Line’s debt rating improves
“K” Line’s debt rating improves
Rating and Investment Information Inc. the Tokyo-based investment rating service today upgraded Kawasaki Kisen Kaisha Ltd’s senior long-term debt rating from BBB+ to A-, and its commercial paper from a-2 to a-1.
“With its business expansion and a series of newly obtained long-term contracts in sectors other than containership business, “K” Line is expected to gain more stable profitabilities in all shipping sectors combined in coming years,” R&I said.