Global Ship Lease announced that three major credit rating agencies have reaffirmed the company’s credit ratings and maintained stable outlooks.
Moody’s Investors Service upheld its Ba2 Corporate Family Rating, S&P Global Ratings confirmed its BB+ long-term issuer credit rating, and Kroll Bond Rating Agency also affirmed a BB+ corporate rating, along with a BBB/stable investment grade rating for GSL’s 5.69% Senior Secured Notes due 2027.
These affirmations reflect confidence in GSL’s disciplined financial strategy, which includes consistent deleveraging through strong cash flow, a stable revenue base secured by multi-year time charter agreements, and resilience through market fluctuations.
The agencies also highlighted the company’s robust earnings, experienced management, and focus on mid-sized and smaller containerships segments known for high reefer capacity and limited fleet expansion, making them strategically advantageous.
Thomas Lister, CEO of Global Ship Lease, stated that these affirmations validate the approach of maintaining balance sheet discipline, ensuring stable and growing cash flows, and securing long-term earnings visibility
The company’s reaffirmed ratings signal continued investor confidence and underscore GSL’s solid positioning in a complex, cyclical shipping environment.
