MISC Unperturbed by Downgrades

Monday, September 26, 2011

According to a report from The Star, Firm’s investment grade will enable it to raise funds despite being impacted by downturn. Moody's Investors Service has downgraded the issuer and senior unsecured ratings of MISC, the world's single-largest owner-operator of liquefied natural gas tankers. Standard & Poor's Ratings Services (S&P) also lowered its long-term corporate credit rating on MISC. MISC chairman Datuk George Ratilal, emphasised that it was more important to note that MISC was still an investment grade, which would still enable the company to raise funds in the future despite being impacted by the current downturn.

Source: The Star
 
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Golden Ocean Reshuffles Fleet, Delays Newbuilds

Golden Ocean Group Limited has entered into several agreements concerning its fleet. Golden Ocean has agreed with Ship Finance International Ltd ("Ship Finance")

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

News

Golden Ocean Reshuffles Fleet, Delays Newbuilds

Golden Ocean Group Limited has entered into several agreements concerning its fleet. Golden Ocean has agreed with Ship Finance International Ltd ("Ship Finance")

Royal IHC Congratulates the King in a Special Way

  Royal IHC is very honored to be part of the program on the King’s Birthday. Among other activities, the King and his family will be viewing a ‘Grande

USCG Refloat Grounded Bulker on St. Marys River

The grounded 603-foot Canadian bulk carrier Mississagi was successfully refloated on the St. Marys River following operations to offload approximately 2,000 tons of stone, Saturday.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1324 sec (8 req/sec)