The Danish-owned AP Moller-Maersk group may see a ratings downgrade from ratings agency Moody’s Investor Services on the back of its decision to separate its energy companies from its core business.
“The continuation of the rating review reflects ongoing uncertainty with respect to the application of proceeds of the Total SA shares,” said Maria Maslovsky, Moody’s vice president and the lead analyst for Maersk, in a statement posted on the Moody’s website.
She highlighted that the Maersk Oil sale was not closed yet and the separation of Maersk Drilling and Maersk Supply Service was still pending.
