Global Ship Lease Announces Credit Rating and Outlook Upgrades

LONDON, June 20, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) announced today several recent updates by three leading credit rating agencies. The Company’s Corporate Family Rating has been upgraded to Ba3 from B1, with a stable outlook, by Moody’s Investor Service (“Moody’s”). In addition, S&P Global Ratings (“S&P”) revised the Company’s outlook to positive and affirmed its long-term issuer credit rating at ‘BB’, and the Kroll Bond Rating Agency (“KBRA") affirmed both the Company’s BB corporate rating with a stable outlook, as well as the BBB/stable investment grade rating and outlook for GSL’s $350 Million 5.69% Senior Secured Notes due July 15, 2027, structured and placed by Goldman Sachs in June 2022.

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