This was the action by Fitch
The ratings company downgraded the long-term Issuer Default Rating and its senior unsecured rating to 'BB-' from 'BB+'. It rated the outlook “Negative.” CMA CGM's Short-term IDR remains 'B.'
And this was the reaction of CMA CGM
FRENCH container line CMA CGM will no longer allow its debt to be rated by any of the big three agencies after losing patience with Standard & Poor’s, Moody’s and Fitch for failure to understand the container shipping industry.
Well, I guess that's one way to handle the bad news.
click here for article from Journal of Commerce