Standard & Poor's upgrades “K” Line bond ratings
Standard & Poor's has upgraded its credit ratings for Japanese ocean carrier “K” Line’s long-term corporate credit and senior unsecured bonds from BBB- to BBB.“The company is steadily enhancing its resilience to market fluctuations through its efforts to further strengthen cost competitiveness, to expand its stable car carrier segment, and to increase the number of long-term contracts in its dry bulk and oil carrier segments,” S&P said.
