Rating On Wan Hai Lines Ltd. Lowered To 'BB+' On Weakening Performance; Outlook Negative - S&P Global Ratings’ Credit Research

Rating On Wan Hai Lines Ltd. Lowered To 'BB+' On Weakening Performance; Outlook Negative

Rating On Wan Hai Lines Ltd. Lowered To 'BB+' On Weakening Performance; Outlook Negative - S&P Global Ratings’ Credit Research
Rating On Wan Hai Lines Ltd. Lowered To 'BB+' On Weakening Performance; Outlook Negative
Published Dec 04, 2008
571 words — Published Dec 04, 2008
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Abstract:

TAIPEI (Standard&Poor's) Dec. 4, 2008--Standard&Poor's Ratings Services today said it had lowered its corporate credit rating on Wan Hai Lines Ltd. to 'BB+' from 'BBB-'. At the same time, we lowered the issue rating on the unsecured corporate bonds of Wan Hai's wholly owned subsidiary, Wan Hai Lines (Singapore) Pte. Ltd., to 'BB' from 'BB+'. The ratings were removed from CreditWatch with negative implications, where they were placed on Nov. 17, 2008. The outlook on the corporate credit rating is negative. The rating action is based on the heightened industry risks that Wan Hai faces as the global shipping market is likely to weaken further over the next several quarters due to rapidly slowing demand amidst

  
Brief Excerpt:

RESEARCH Rating On Wan Hai Lines Ltd. Lowered To '##+' On Weakening Performance; Outlook Negative Publication date: 04-Dec-2008 Primary Credit Analyst: Daniel Hsiao, Taipei (8862) 8722-5826; daniel_hsiao@taiwanratings.com.tw Secondary...

  
Report Type:

Ratings Action

Ticker
2615@TT
Issuer
Wan Hai Lines Ltd.
GICS
Marine (20303010)
Sector
Corporations, Global Issuers, Transportation
Country
Taiwan
Region
Emerging Markets
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MLA:
S&P Global Ratings’ Credit Research. "Rating On Wan Hai Lines Ltd. Lowered To 'BB+' On Weakening Performance; Outlook Negative" Dec 04, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Wan-Hai-Lines-Ltd-Lowered-To-BB-On-Weakening-Performance-Outlook-Negative-687551>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On Wan Hai Lines Ltd. Lowered To 'BB+' On Weakening Performance; Outlook Negative Dec 04, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Wan-Hai-Lines-Ltd-Lowered-To-BB-On-Weakening-Performance-Outlook-Negative-687551>
  
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