US-based credit ratings institute Standard & Poor's downgrades its outlook for the credit rating of Maersk Group. This is because S&P is concerned that pressure on the seaborne container transportation market will continue.
Maersk was already put on the observation list this summer with the credit rating "BBB+" and a "negative" outlook. As pressure has not let up, Maersk is now given "BBB" which indicates that although the conglomerate will be split into two, this is not enough to keep S&P positive.
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