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You are here: Home → Archive → 2009 → July → 17 → Moody’s downbeat on NYK

Moody’s downbeat on NYK

by Mike Grinter and Tony Gray - Lloyd's List — last modified Jul 17, 2009 12:09 PM

A negative view of prospects for one of Japan’s leading shipping companies has been issued by credit rating agency Moody's.

As a result, Nippon Yusen Kaisha’s five-year-old A3 credit rating was under threat, Moody’s said in its latest report on Japanese ocean shipping.

“The industry is suffering from stagnant market conditions caused by the global recession since...

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