You must be a Premium Subscriber to read this article.

S&P downgrades CMA CGM

Friday, June 15, 2012

The credit rating company Standard & Poor's said Thursday that it had downgraded the French container shipping line CMA CGM's long-term corporate credit rating to CCC+ from B-, saying its liquidity position deteriorated in the first quarter of 2012. "We expect that it will remain under strain over the coming months in the absence of corrective actions," said S&P. "The rating remains on CreditWatch with negative implications reflecting the possibility of another downg...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.