Moody's: Mitsui, Nippon unchanged

Moody's Investors Service said that near-term financial results for Mitsui OSK (A3/stable) and Nippon Yusen (Baa1/stable) could be negatively affected by the temporary disruption to Japanese freight volumes due to the earthquake and tsunami of March 11.

The temporary disruption is credit negative for both companies, the agency said. However, Moody's does not expect an immediate impact on either company's ratings or outlooks, as both have significant global, profitable bulk-shipping operations that have been only minimally impacted by the disaster.

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