- Global Ship Lease’s credit ratings were reaffirmed by Moody’s, S&P, and Kroll, all maintaining stable outlooks.
- The ratings reflect the company’s strong cash flow, disciplined deleveraging, and secured revenue from long-term charters.
- Agencies highlighted GSL’s earnings strength, experienced management, and strategic focus on vessels.
- The affirmations signal continued investor confidence in GSL’s financial stability and market positioning.
Global Ship Lease has received continued support from major credit rating agencies, which have reaffirmed the company’s credit standing and maintained stable outlooks. Moody’s Investors Service upheld its Ba2 Corporate Family Rating, S&P Global Ratings confirmed a BB+ long-term issuer credit rating, and Kroll Bond Rating Agency maintained both a BB+ corporate rating and a BBB/stable investment grade rating for GSL’s 5.69% Senior Secured Notes due 2027, as reported by Container News.
Credit Ratings Reflect Confidence in GSL’s Financial Strategy
The reaffirmation of Global Ship Lease’s credit ratings reflects strong confidence in the company’s disciplined financial approach. Key factors noted by the rating agencies include steady deleveraging, supported by healthy cash flow; a predictable revenue stream secured through multi-year time charter agreements; and the company’s ability to navigate market volatility.
The agencies also emphasized GSL’s solid earnings performance, the strength of its management team, and its strategic focus on mid-sized and smaller containerships—vessels valued for their high reefer capacity and limited newbuild competition. CEO Thomas Lister remarked that the ratings confirm the company’s commitment to maintaining balance sheet discipline, sustaining stable and growing cash flows, and preserving long-term earnings visibility. These reaffirmed ratings not only reinforce investor confidence but also highlight Global Ship Lease’s strong position within the cyclical shipping sector.
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Source: Container News
