Danaos Corporation Announces Moody's Outlook Change to Positive and Upgrade of Senior Unsecured Notes to Ba1
Moody's changed Danaos' Ba1 Corporate Family Rating outlook to positive and upgraded the company's senior unsecured notes to Ba1 from Ba2. Moody's cited increased revenue visibility, substantial cash balances, disciplined financial management, and a long-term fixed-rate charter backlog of approximately $4.6 billion with a 4.7-year average duration, plus roughly $1.0 billion of cash as of June 30, 2026.
Key figures
- Cash
- $1.0 billion
- Cfr rating
- Ba1 (outlook positive)
- Cash balance asof
- June 30, 2026
- Contracted revenue
- $4.6 billion
- Notes rating change
- Ba2 to Ba1
- Proforma capacity teu
- 680041
- Containerships in fleet
- 78
- Containerships under construction
- 28
- Average remaining charter duration years
- 4.7
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.