Global Ship Lease Announces Affirmed Credit Ratings and Outlooks

About this update from Green Scientific Labs Holdings Inc Class A

[{"type":"text","content":"Global Ship Lease Announces Affirmed Credit Ratings and OutlooksMoody’s Maintains Corporate Family Rating; S&P Maintains Credit Rating; KBRA Maintains Issuer Rating and Affirms Investment Grade Rating of Senior Secured Notes\n\n\n\n ATHENS, Greece, July 08, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”), a containership owner and lessor, announced today several recent updates by three leading credit rating agencies. Moody’s Investor Service has maintained its Ba2 Corporate Family Rating, with a stable outlook, S&P Global Ratings (“S&P”) has affirmed its long-term issuer credit rating of BB+, with a stable outlook, and the Kroll Bond Rating Agency (“KBRA”) has kept the Company’s corporate rating at BB+, with a stable outlook, while also affirming the BBB/stable investment grade rating and outlook for GSL’s 5.69% Senior Secured Notes due 2027.\n \n\n In affirming GSL’s credit ratings and stable outlook, the agencies highlighted the Company’s track record of using its strong cash flow to deleverage, its focus on maintaining a disciplined, low leverage strategy, and revenue stability based on attractive multi-year time charter agreements. The agencies also cited GSL’s resilience during recent industry disruptions, strong earnings and cash flow profile through market cycles, as well as overall supportive market conditions for containership owners. Additional key considerations included the Company’s experienced management team, conservative chartering policy and strategic positioning, in particular its focus on mid-sized and smaller containerships, sub-segments that are less exposed to fleet growth and have value-added enhancements like high-reefer capacity.\n \n\n Thomas Lister, Chief Executive Officer of Global Ship Lease, commented: “In a volatile geopolitical and macroeconomic environment, we are pleased to have leading rating agencies recognize our efforts by affirming our credit ratings and outlook. We believe this reflects our ongoing success strengthening our balance sheet, generating consistent and growing cash flows, extending revenue and earnings visibility, and more, all of which offer us optionality in times of disruption and uncertainty. As we seek to creat...

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