DSV Panalpina A/S
DSV, 865 - S&P upgrades DSV Panalpina to "A-"
Company Announcement No. 865
On 15 February 2021, S&P Global Ratings upgraded DSV Panalpina to "A-" (A minus) with a stable outlook.
S&P Global Ratings states that the "Danish freight forwarder and logistics provider DSV Panalpina A/S has demonstrated resilient operating performance throughout the COVID-19 pandemic and improved EBIT margins earlier than we expected, thanks to the successful integration of the Panalpina acquisition and cost-reduction initiatives.".
"The upgrade to A minus from S&P is a quality stamp for DSV Panalpina. It acknowledges the resiliency of our business model, our ability to integrate Panalpina successfully and our continuous focus on improving our operating performance," says Group CFO Jens Lund.
DSV Panalpina A/S now has the following credit ratings:
S&P Global Ratings A- with a stable outlook
Moody’s A3 with a stable outlook
Any questions may be addressed to Executive Vice President, Investor Relations, Flemming Ole Nielsen, tel. +45 43 20 33 92.
Yours sincerely,
DSV Panalpina A/S
Attachment
About Globenewswire
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
Tallink Grupp1.3.2021 17:51:31 CET | Press release
AS Tallink Grupp has filed an action against AS Tallinna Sadam
Orion Oyj1.3.2021 17:46:31 CET | Press release
Orion Corporation: Transfer of 99,768 own B shares on 1 March 2021
MT Højgaard Holding A/S1.3.2021 17:13:28 CET | Press release
MT Højgaard Holding A/S: Reporting of trading in MT Højgaard Holding A/S shares by senior management
MT Højgaard Holding A/S1.3.2021 17:13:17 CET | Pressemeddelelse
MT Højgaard Holding A/S: Indberetning af ledende medarbejders handel med aktier i MT Højgaard Holding A/S
Monument Mining1.3.2021 17:04:17 CET | Press release
Monument Reports Second Quarter Fiscal 2021 ("Q2 2021") Results
Sveriges Riksbank1.3.2021 16:21:24 CET | Press release
CONDITIONS FOR THE RIKSBANK´S PURCHASES OF COMMERCIAL PAPER
Efecte Oyj1.3.2021 16:16:24 CET | Press release
Efecte Plc: Disposal of own shares for one-time employee share reward
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom