Credit ratings agency Standard & Poor's downgrades its rating of Maersk Group due to the dire container market. And the group could face further downgrades, warns the agency.
BY RITZAU FINANS | SHIPPINGWATCH
US-based credit ratings institute Standard & Poor's downgrades its outlook for the credit rating of Maersk Group. This is because S&P is concerned that pressure on the seaborne container transportation market will continue.