R&I ups MOLÆs credit rating
Tokyo-based investment rating service Rating and Investment Information Inc. has upgraded its issuer rating on Japanese carrier Mitsui O.S.K. Lines from 'A' to 'A+.'
R&I's commercial paper rating for MOL remains at 'a-1' with its long-term debt rating unmoved at 'A+.'
'The company is strengthening its stable revenue sources through the achievement of medium and long term contracts in the Bulkships segment,' R&I said.
'High levels of revenue and cash flows are expected to continue as strong demand of freight movements in areas such as China are likely to expand under the current global economic growth trend. Financial stability is expected to increase through high levels of retained earnings in the future,' the ratings firm added.
R&I ups MOL’s credit rating
