Seaspan Receives Investment Grade Rating Upgrade from KBRA

Seaspan Corporation Pte. Ltd. announced on Monday that Kroll Bond Rating Agency (KBRA) has upgraded its issuer credit rating and the rating of its subsidiaries to investment grade.

The company stated that the upgrade reflects its improved financial performance and strategic initiatives. KBRA raised Seaspan's issuer credit rating from B+ to BBB- and its unsecured notes rating from B to BB+.

This upgrade to investment grade is a significant milestone for Seaspan, potentially opening access to a broader investor base and improving financing costs. The development could also bolster the company's competitive standing within the global marine transportation and containership sectors.

Seaspan operates as the world's largest independent owner and operator of containerships. The company manages a fleet comprising over 150 modern containerships, focusing on delivering comprehensive maritime transportation solutions to its global clientele.