Maersk seen favouring acquisitions over better rating

Copenhagen

AP Moeller-Maersk will use the headroom under its current credit rating to return cash to shareholders and make acquisitions instead of pursuing a higher grade.

That's according to Denmark's largest lender, which predicts Maersk won't attempt to seek an upgrade after Moody's Investors Service last week placed a positive outlook on its Baa1 rating to an upgrade.