Global Ship Lease Announces Affirmed Credit Ratings and Upgraded Outlook
Moody's upgraded Global Ship Lease's corporate outlook to Positive while maintaining its Ba2 Corporate Family Rating, while KBRA maintained the corporate rating at BB+ and affirmed the investment grade BBB rating for the Company's 5.69% Senior Secured Notes due 2027. The ratings actions were driven by strong credit metrics, low leverage, and solid contracted revenue, which totals $2.05 billion on a base basis and $2.58 billion including options.
Key figures
- Fleet vessel count
- 71
- Average fleet age years
- 18.2
- Contracted revenue base
- $2.05 billion
- Average charter term years
- 2.6
- Contracted revenue with options
- $2.58 billion
- Average charter term with options years
- 3.3
AI analysis
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