Global Ship Lease Credit Rating Upgraded to BB- by S&P Global Ratings

LONDON, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company') announced today that

5&P Global Ratings ("S&P") has raised the Company's long-term issuer credit rating to BB- from B+, with a stable outlook,

on the basis of its larger scale, increased diversification, enhanced contract coverage, expectation that favorable charter

rate conditions will continue, and forecast of solid EBITDA performance and positive free cash flow generation...

Using the above information, fully answer the following questions.

i) What do you expect will happen to the stock price of GSL?

ii) As a fixed-income expert, what is the advice you would give to your investor? Should she invest in bonds issued

by Global Ship Lease or not?

Answer rating: 100% (QA)

i It is difficult to predict the exact impact on the stock price of GSL as many factors can influenc... View the full answer