Japan's Mitsui OSK Lines ratings on review for possible upgrade - Moody's |
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Fri, 19 Oct 2007 04:20
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MUMBAI (Thomson Financial) - Moody's Investors Service placed on review for possible upgrade the 'Baa1' senior unsecured and issuer ratings of Mitsui OSK Lines Ltd (MOL), citing its expectation that MOL is likely to further strengthen its financial profile over the medium-term, despite its intensive capital expenditure to expand the fleet.The agency also placed on review for possible upgrade the 'Baa1' senior unsecured debt ratings of MOL's supported units, Mitsui OSK Finance PLC and Euromol BV, as well as the 'A2' long-term debt rating of MOL's series 9 economic defeased bonds.MOL, one of the world's largest ocean shipping companies, cut its total debt to 569 bln yen at end-March from 571 bln the year earlier.TFN.newsdesk@thomson.comjroCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Gallaher plan to amend terms of outstanding bonds positive for ratings - Moody's 