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Moody's downgrades Maersk to outlook negative

Credit ratings agency Moody's downgrades Maersk Group from Baa1 to Baa2 and outlook negative. The move is a direct consequence of the group's strategic restructuring, which means that the former conglomerate is being split into two parts.

Photo: /ritzau/Thorkild Amdi

This Tuesday, Moody's Investors Service downgraded the issuer rating and senior unsecured rating of Maersk Group.

The US-based ratings agency wrote Tuesday in a statement that the credit rating of Maersk Group was being downgraded from Baa1 to Baa2 with a negative outlook. Roughly, this means that it could become more expensive for Maersk to borrow money.

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