The credit rating company Standard & Poor’s said this week that container ship operator CMA CGM S.A.’s liquidity has rebounded over the past few months due to the company’s improved operating performance.
It said it expects the French carrier’s “liquidity should improve further over the coming months thanks to the likely closing of financial restructuring and equity injections.”
S&P said “we are maintaining our ‘CCC+’ long-term rating on CMA CGM on CreditWatch, but changing the implications to positive from negative. The CreditWatch positive reflects our view that we could raise our ratings on CMA CGM within the next three months if we believed its operating performance and liquidity position have sufficiently and sustainably improved to be commensurate with a higher rating.”
S&P says CMA CGM liquidity rebounding
