Global Ship Lease Announces Affirmed Credit Ratings and Outlooks
Global Ship Lease (NYSE: GSL), a containership owner and lessor, has received affirmed credit ratings from three major agencies. Moody's maintained its Ba2 Corporate Family Rating, S&P affirmed its BB+ long-term issuer credit rating, and KBRA maintained its BB+ corporate rating, all with stable outlooks. KBRA also affirmed the BBB investment grade rating for GSL's 5.69% Senior Secured Notes due 2027.
The rating agencies highlighted GSL's strong cash flow utilization for deleveraging, disciplined low leverage strategy, and revenue stability from multi-year charter agreements. They also noted the company's resilience during industry disruptions and its strategic focus on mid-sized and smaller containerships with value-added features like high-reefer capacity.
Global Ship Lease (NYSE: GSL), proprietaria e locatrice di navi portacontainer, ha visto confermati i propri rating creditizi da tre importanti agenzie. Moody's ha mantenuto il rating Ba2 Corporate Family, S&P ha confermato il rating creditizio a lungo termine BB+, e KBRA ha mantenuto il rating corporate BB+, tutti con outlook stabile. KBRA ha inoltre confermato il rating investment grade BBB per le Note Senior Garantite al 5,69% con scadenza 2027 di GSL.
Le agenzie di rating hanno evidenziato l鈥檈fficace utilizzo dei flussi di cassa di GSL per ridurre il debito, la strategia disciplinata di basso leverage e la stabilit脿 dei ricavi derivante da contratti di noleggio pluriennali. Hanno anche sottolineato la resilienza dell鈥檃zienda durante le turbolenze del settore e il suo focus strategico su navi portacontainer di dimensioni medie e piccole con caratteristiche a valore aggiunto, come l鈥檃lta capacit脿 per container refrigerati.
Global Ship Lease (NYSE: GSL), propietario y arrendador de buques portacontenedores, ha recibido la confirmaci贸n de sus calificaciones crediticias por parte de tres agencias principales. Moody's mantuvo su calificaci贸n Ba2 Corporate Family, S&P reafirm贸 su calificaci贸n crediticia a largo plazo BB+, y KBRA mantuvo su calificaci贸n corporativa BB+, todas con perspectivas estables. KBRA tambi茅n confirm贸 la calificaci贸n de grado de inversi贸n BBB para los Bonos Senior Garantizados al 5,69% con vencimiento en 2027 de GSL.
Las agencias destacaron el s贸lido uso del flujo de caja de GSL para la reducci贸n de deuda, su estrategia disciplinada de bajo apalancamiento y la estabilidad de ingresos derivada de contratos de fletamento plurianuales. Tambi茅n se帽alaron la resiliencia de la compa帽铆a durante las interrupciones del sector y su enfoque estrat茅gico en buques portacontenedores medianos y peque帽os con caracter铆sticas de valor a帽adido, como una alta capacidad para contenedores refrigerados.
Global Ship Lease (NYSE: GSL)電� 旎厡鞚措剤靹� 靻岇湢鞛愳澊鞛� 鞛勲寑鞐呾泊搿滌劀, 靹� 欤检殧 鞁犾毄韽夑皜靷攵�韯� 鞁犾毄霌标笁鞚� 鞙犾 氚涭晿鞀惦媹雼�. 氍措敂鞀�(惭辞辞诲测'蝉)電� Ba2 旮办梾 臧�臁� 霌标笁鞚� 鞙犾頄堦碃, S&P電� 鞛リ赴 氚滍枆鞛� 鞁犾毄霌标笁 BB+毳� 鞛檿鞚疙枅鞙茧┌, KBRA電� BB+ 旮办梾 霌标笁鞚� 鞙犾頄堨溂氅� 氇憪 鞎堨爼鞝� 鞝勲鞚� 鞝滌嫓頄堨姷雼堧嫟. 霕愴暅 KBRA電� GSL鞚� 2027雲� 毵岅赴 5.69% 靹犾垳鞙� 雼措炒攵� 毂勱秾鞐� 雽�頃� BBB 韴瀽霌标笁鞚� 頇曥爼頄堨姷雼堧嫟.
韽夑皜 旮瓣磤霌れ潃 GSL鞚� 順勱笀 頋愲鞚� 須臣鞝侅溂搿� 頇滌毄頃� 攵�毂勲ゼ 欷勳澊瓿�, 雮潃 霠堧矂毽 鞝勲灥鞚� 鞐勱博頌� 欷�靾橅晿氅�, 雼る厔臧勳潣 鞖╈劆 瓿勳暯鞙茧 靾橃澋 鞎堨爼靹膘潉 頇曤炒頃� 鞝愳潉 臧曥“頄堨姷雼堧嫟. 霕愴暅 鞐呹硠 順茧瀫 靻嶌棎靹滊弰 須岇偓鞚� 須岆车霠リ臣 瓿犽秬臧�臧�旃� 旮半姤鞚� 瓿犽儔霃� 旎厡鞚措剤 靾橃毄 電ル牓鞚� 臧栰稑 欷戫槙 氚� 靻岉槙 旎厡鞚措剤靹犾棎 鞝勲灥鞝侅溂搿� 歆戩頃橂姅 鞝愲弰 欤茧頄堨姷雼堧嫟.
Global Ship Lease (NYSE : GSL), propri茅taire et affr茅teur de porte-conteneurs, a vu ses notations de cr茅dit confirm茅es par trois grandes agences. Moody's a maintenu sa notation Ba2 Corporate Family, S&P a confirm茅 sa notation de cr茅dit 茅metteur 脿 long terme BB+, et KBRA a maintenu sa notation d鈥檈ntreprise BB+, toutes avec des perspectives stables. KBRA a 茅galement confirm茅 la notation investment grade BBB pour les obligations senior garanties 脿 5,69 % 茅ch茅ance 2027 de GSL.
Les agences de notation ont soulign茅 la forte utilisation des flux de tr茅sorerie par GSL pour r茅duire son endettement, sa strat茅gie disciplin茅e de faible levier et la stabilit茅 des revenus gr芒ce 脿 des contrats d鈥檃ffr猫tement pluriannuels. Elles ont 茅galement not茅 la r茅silience de l鈥檈ntreprise face aux perturbations du secteur et son focus strat茅gique sur des porte-conteneurs de taille moyenne et petite dot茅s de caract茅ristiques 脿 valeur ajout茅e, comme une grande capacit茅 pour les conteneurs frigorifiques.
Global Ship Lease (NYSE: GSL), Eigent眉mer und Vermieter von Containerschiffen, hat von drei gro脽en Ratingagenturen best盲tigte Kreditratings erhalten. Moody's behielt sein Ba2 Corporate Family Rating bei, S&P best盲tigte das BB+ Langfrist-Emittenten-Rating, und KBRA hielt das BB+ Unternehmensrating, alle mit stabilem Ausblick. KBRA best盲tigte zudem das BBB Investment Grade Rating f眉r GSLs 5,69% Senior Secured Notes mit F盲lligkeit 2027.
Die Ratingagenturen hoben die starke Nutzung der Cashflows von GSL zur Schuldenreduzierung, die disziplinierte Niedrigverschuldungsstrategie und die Umsatzstabilit盲t durch mehrj盲hrige Chartervertr盲ge hervor. Au脽erdem wurde die Widerstandsf盲higkeit des Unternehmens w盲hrend Branchenst枚rungen sowie der strategische Fokus auf mittelgro脽e und kleinere Containerschiffe mit Mehrwertmerkmalen wie hoher K眉hlcontainerkapazit盲t betont.
- None.
- Operating in volatile geopolitical and macroeconomic environment
- Exposure to cyclical and volatile shipping industry
Insights
GSL's affirmed credit ratings by three agencies highlight financial stability and disciplined strategy despite industry volatility.
Global Ship Lease's maintained credit ratings (Ba2 from Moody's, BB+ from S&P and KBRA) with stable outlooks across all three major agencies represents a significant vote of confidence in the company's financial management. The agencies specifically highlighted GSL's consistent deleveraging using strong cash flows and its disciplined, low-leverage strategy - fundamental strengths in the capital-intensive shipping industry. This multi-agency affirmation is particularly notable considering the volatile geopolitical and macroeconomic environment mentioned in the release.
The ratings agencies specifically praised GSL's revenue stability derived from its multi-year time charter agreements, which provide predictable cash flows even during industry disruptions. Their focus on mid-sized and smaller containerships is strategically advantageous, as these vessel classes face less competitive pressure from fleet growth and often feature specialized capabilities like high-reefer capacity that command premium rates.
The investment grade rating (BBB/stable) for GSL's Senior Secured Notes due 2027 from KBRA is particularly significant, as it places these specific debt instruments in a higher quality tier than the overall corporate rating. This creates potential advantages in debt service costs and indicates strong asset backing and structural protections for these notes specifically.
These affirmed ratings collectively strengthen GSL's position for potential capital raising activities, help maintain favorable borrowing terms, and signal to equity investors that third-party experts view the company's financial foundation as stable despite industry cyclicality.
Moody鈥檚 Maintains Corporate Family Rating; S&P Maintains Credit Rating; KBRA Maintains Issuer Rating and Affirms Investment Grade Rating of Senior Secured Notes
ATHENS, Greece, July 08, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the 鈥淐ompany鈥� or 鈥淕SL鈥�), a containership owner and lessor, announced today several recent updates by three leading credit rating agencies. Moody鈥檚 Investor Service has maintained its Ba2 Corporate Family Rating, with a stable outlook, S&P Global Ratings (鈥淪&P鈥�) has affirmed its long-term issuer credit rating of BB+, with a stable outlook, and the Kroll Bond Rating Agency (鈥淜BRA鈥�) has kept the Company鈥檚 corporate rating at BB+, with a stable outlook, while also affirming the BBB/stable investment grade rating and outlook for GSL鈥檚
In affirming GSL鈥檚 credit ratings and stable outlook, the agencies highlighted the Company鈥檚 track record of using its strong cash flow to deleverage, its focus on maintaining a disciplined, low leverage strategy, and revenue stability based on attractive multi-year time charter agreements. The agencies also cited GSL鈥檚 resilience during recent industry disruptions, strong earnings and cash flow profile through market cycles, as well as overall supportive market conditions for containership owners. Additional key considerations included the Company鈥檚 experienced management team, conservative chartering policy and strategic positioning, in particular its focus on mid-sized and smaller containerships, sub-segments that are less exposed to fleet growth and have value-added enhancements like high-reefer capacity.
Thomas Lister, Chief Executive Officer of Global Ship Lease, commented: 鈥淚n a volatile geopolitical and macroeconomic environment, we are pleased to have leading rating agencies recognize our efforts by affirming our credit ratings and outlook. We believe this reflects our ongoing success strengthening our balance sheet, generating consistent and growing cash flows, extending revenue and earnings visibility, and more, all of which offer us optionality in times of disruption and uncertainty. As we seek to create long-term shareholder value in a cyclical and volatile industry, our focus remains on staying disciplined and opportunistic, consistent with our dynamic capital allocation policy.鈥�
Additional information regarding Global Ship Lease鈥檚 credit ratings can be found in the press release dated July 3, 2025 on Moody's website at , the press release dated May 22, 2025 on S&P鈥檚 website at , and the press release dated June 27, 2025 on KBRA鈥檚 website at .
About Global Ship Lease
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. It was listed on the New York Stock Exchange in August 2008.
Our fleet of 69 vessels as of March 31, 2025 had an average age weighted by TEU capacity of 17.5 years. 39 ships are wide-beam Post-Panamax.
As of March 31, 2025, the average remaining term of the Company鈥檚 charters, to the mid-point of redelivery, including options under the Company鈥檚 control and other than if a redelivery notice has been received, was 2.3 years on a TEU-weighted basis. Contracted revenue on the same basis was
Safe Harbor Statement
This press release contains forward-looking statements. Forward-looking statements provide the Company鈥檚 current expectations or forecasts of future events. Forward-looking statements include statements about the Company鈥檚 expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渃ontinue,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥渙ngoing,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥減roject,鈥� 鈥渨ill鈥� or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in 鈥淩isk Factors鈥� in the Company鈥檚 Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise or update any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.
Investor and Media Contact:
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646-673-9701
or
Leon Berman
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FAQ
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