The worsening global economic outlook in first-half 2020 saw Moody’s adjust their credit outlooks of carriers rated, with fears the market would be severely punished by the macro economic situation.
Many of these changes have now been reversed as the expected impact of COVID-19 failed to materialize.
Four European container companies have emerged with stronger credit outlooks than before the COVID-19 pandemic, though Asia’s carriers remain in an inferior position.
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