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You are here: Home → Archive → 2009 → July → Weekly Edition 23rd of July 2009 → Negative view on NYK, MOL

Negative view on NYK, MOL

by Tony Gray, London — last modified Jul 23, 2009 04:37 PM

A NEGATIVE view of prospects for Japan’s leading deepsea shipping companies has been issued by Moody’s Investors Service, a leading credit rating agency.

As a result, Nippon Yusen Kaisha’s five-year-old credit rating of A3 was under threat, Moody’s said in its latest report on Japanese ocean shipping.
“The industry suffers from stagnant market conditions – caused by the global recession since the...

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