EnergyWatch

Maersk at risk of credit cuts after selling oil unit

Selling Maersk Oil could impact the Maersk Group's credit rating at Standard & Poor's. The US ratings agency is considering a downgrade of the group's rating after the divestment Monday.

Photo: /ritzau/Jens Dresling

Maersk Group's divestment of the oil and gas unit Maersk Oil could impact the company's credit rating, writes Standard & Poor's (S&P), which along with Moody's is one of the two external companies that rates the financial standing of Maersk Group.

Ownership of Maersk Oil has thus far been a positive factor for the credit rating because the oil assets are considered a stabilizing source of income while the earnings from the container carrier Maersk Line have fluctuated greatly from year to year.

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