TRIS upgrades RCL’s credit rating
Credit rating agency TRIS has upgraded Singapore-based Regional Container Lines’ rating to “A-” from “BBB+”.
TRIS said the new rating reflected RCL’s strong market position amongst competing regional carriers with its large fleet, frequency of service and young age of ships.
“The management is also committed to further improve the financial leverage. With a strong operating cash flow and market outlook, the management is confident that this upgrade will be sustained,” said Sumate Tanthuwanit, RCL’s president.