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German shipping company Herbert has been downgraded

publisherLena Song

time2017/07/04

Rating agency Standard & Poor's said that the German shipping company Herbotez for the B + rating, the company's rating and future development reduced to a negative impact. The agency said Haberote was rated as a negative outlook because the merger of the Arab League countries had increased the company's debt. However, Heberrow said that due to the expansion of the container fleet after the merger, Herbert has no greater investment in the next few years, so more cash is used to pay off debts and deleveraging. Standard & Poor's said Heberrow should be able to maintain the credit and be able to maintain the current rating in 2017-2018.