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Danaos Corporation Announces Moody's Outlook Change to Positive and Upgrade of Senior Unsecured Notes to Ba1

  • Moody's upgraded Danaos Corporation's senior unsecured notes from Ba2 to Ba1.
  • Moody's changed the outlook on Danaos' Ba1 Corporate Family Rating from stable to positive.
  • The rating changes reflect increased revenue visibility, substantial cash balances, and disciplined financial management.
  • As of June 30, 2026, Danaos had contracted revenue of approximately $4.6 billion with an average charter duration of 4.7 years.
  • Danaos held approximately $1.0 billion in cash as of June 30, 2026.
  • The company operates a fleet of 78 containerships with 28 under construction, totaling a pro-forma capacity of 680,041 TEUs.
  • Danaos has invested in the dry bulk sector with 11 acquired Capesize vessels and four ordered Newcastlemax newbuildings.