A P Moller-Mærsk has seen its credit rating downgraded at Moody’s over concerns about lower economic growth and the US-China trade war.
The world’s largest container line, which had been on negative outlook since August 2017, saw its Baa2 rating cut to Baa3.
“The downgrade reflects our expectation that Maersk will face increased market and execution risks,” said Maria Maslovsky, Moody’s lead analyst for Maersk.
