DBRS Finalizes Provisional Rating on Senior Loans of Zim Shipping Finance Limited

DBRS, Inc. (DBRS) has today finalized its provisional rating of A (sf) on the Senior Loans of Zim Shipping Finance Limited (the Borrower). This transaction is multi-jurisdictional, backed by shipping industry trade receivables that were reviewed for their ability to perform within certain thresholds for loss reserves, carrying costs and dilution as well as other factors specific to the trade receivables portfolio. Deutsche Bank Luxembourg SA is acting as the Initial Committed Lender.

Notes:
The principal methodologies is Trade Receivables, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.