Wan Hai Lines 'BB+' Rating Affirmed On Anticipated Lower Leverage And Swift Business Restructuring; Outlook Negative - S&P Global Ratings’ Credit Research

Wan Hai Lines 'BB+' Rating Affirmed On Anticipated Lower Leverage And Swift Business Restructuring; Outlook Negative

Wan Hai Lines 'BB+' Rating Affirmed On Anticipated Lower Leverage And Swift Business Restructuring; Outlook Negative - S&P Global Ratings’ Credit Research
Wan Hai Lines 'BB+' Rating Affirmed On Anticipated Lower Leverage And Swift Business Restructuring; Outlook Negative
Published May 26, 2009
841 words — Published May 26, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

-- Wan Hai's refocus on the intra-Asia market is likely to help the company to recover its profitability and cash flow faster than its long-haul peers. -- Wan Hai has adequate liquidity to meet debt repayments and its lease-adjusted debt may decline due to decreasing capital expenditures and charter hire expenses in 2009. -- We are affirming our 'BB+' long-term corporate credit rating on Wan Hai. -- The outlook remains negative. TAIPEI (Standard&Poor's) May 26, 2009--Standard&Poor's Ratings Services said today that it had affirmed its 'BB+' long-term corporate credit rating on Wan Hai Lines Ltd. and its 'BB' issue rating on the company's unsecured corporate bonds. The outlook remains negative. "We expect that Wan Hai's leading

  
Brief Excerpt:

RESEARCH Wan Hai Lines '##+' Rating Affirmed On Anticipated Lower Leverage And Swift Business Restructuring; Outlook Negative Publication date: 26-May-2009 Primary Credit Analyst: Raymond Hsu, CFA, Taipei (8862) 8722-5827; raymond_hsu@taiwanratings.com....

  
Report Type:

Ratings Action

Ticker
2615@TT
Issuer
Wan Hai Lines Ltd.
GICS
Marine (20303010)
Sector
Global Issuers
Country
Taiwan
Region
Emerging Markets
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MLA:
S&P Global Ratings’ Credit Research. "Wan Hai Lines 'BB+' Rating Affirmed On Anticipated Lower Leverage And Swift Business Restructuring; Outlook Negative" May 26, 2009. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Wan-Hai-Lines-BB-Rating-Affirmed-On-Anticipated-Lower-Leverage-And-Swift-Business-Restructuring-Outlook-Negative-723769>
  
APA:
S&P Global Ratings’ Credit Research. (). Wan Hai Lines 'BB+' Rating Affirmed On Anticipated Lower Leverage And Swift Business Restructuring; Outlook Negative May 26, 2009. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Wan-Hai-Lines-BB-Rating-Affirmed-On-Anticipated-Lower-Leverage-And-Swift-Business-Restructuring-Outlook-Negative-723769>
  
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