Danaos Corporation Announces Moody's Outlook Change to Positive and Upgrade of Senior Unsecured Notes to Ba1
PR Newswire•26/10/2026•16:30 ET
0
Key Highlights
- ➤Moody’s changes Danaos’ Ba1 corporate outlook to positive from stable
- ➤Moody’s upgrades Danaos senior unsecured notes to Ba1 from Ba2
- ➤Danaos reports approximately $4.6 billion contracted revenue and $1.0 billion cash
- ➤Contracted revenue carries 4.7 years of average remaining charter duration
Expert Statements
Evangelos Chatzis, Chief Financial Officer of Danaos
“We welcome Moody's decision, which recognizes the strength of our balance sheet, the visibility provided by our long-term charter backlog and the discipline with which we have managed our capital structure.”
Danaos Corporation Announces Moody's Outlook Change to Positive and Upgrade of Senior Unsecured Notes to Ba1 PR Newswire
ATHENS, Greece, Oct. 26, 2026 /PRNewswire/ -- Danaos Corporation ("Danaos" or the "Company") (NYSE: DAC), one of the world's largest independent owners of containerships, today announced that Moody's Ratings ("Moody's") has changed the outlook on the Company's Ba1 Corporate Family Rating to positive from stable. Moody's has also upgraded the rating on the Company's senior unsecured notes to Ba1 from Ba2.
Get started
Create a free account to read the full story.