Moody’s might cut Mitsui O.S.K.

Moody's Investors Service said it placed Mitsui O.S.K. Lines, Ltd.'s Ba1 corporate family rating on review for downgrade.

“We expect MOL's leverage will likely stay at its high level of above 7.5x for the next several years and surpass our downgrade trigger of 7.0x,” Motoki Yanase, vice president and senior credit officer, said in a news release.

The agency said that this debt/EBITDA leverage metric does not appear likely to improve materially without substantial efforts to reduce debt.

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