Moody's Investors Service has upgraded its outlook on AP Moller-Maersk's credit rating from negative to positive after a strong response to coronavirus disruption.
The ratings agency reaffirmed its Baa3 long-term issuer assessment of the Danish containership giant, a week after US investment bank Goldman Sachs rated the company's stock as a buy.
"Following a very strong performance amidst the global pandemic by the container shipping industry, Maersk's credit metrics have continued to strengthen during the first half of 2020," said Daniel Harlid, Moody's lead analyst for Maersk.
