The extended global shipping industry crisis has led to increased risk for German ship loans , according to Moody ’s , which suggests their exposure to risk is significantly higher than many of their global peers . MSFJ is not a Nationally Recognized Statistical Rating Organization ("NRSRO"). Shipping exposures for five leading German ship lenders still made up 350 % of Tier 1 loans by the end of 2015 , up from 328 % in 2012 , with aggregate problem loan ratio from shipping exposure rising 10 percentage points between 2012 to 2015 . Other ship lenders reduced their shipping exposure by about 45 % over the same period .
The extended global shipping industry crisis has led to increased risk for German ship loans , according to Moody ’s , which suggests their exposure to risk is significantly higher than many of their global peers . Shipping exposures for five leading German ship lenders still made up 350 % of Tier 1 loans by the end of 2015 , up from 328 % in 2012 , with aggregate problem loan ratio from shipping exposure rising 10 percentage points between 2012 to 2015 . Other ship lenders reduced their shipping exposure by about 45 % over the same period .