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Maersk (MAERSK; Baa1/BBB+; S) German Floods Interruption

TRANSPORTATION

Floods in Germany impacting operations, not much read-through outside that. Cash lines (out in long-end) did move tighter on yesterday's chunky FY upgrades. We continue to see better value outside the curve.


Co notice: https://www.maersk.com/news/articles/2024/06/05/op...

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