Earlier we had Fitch and S&P:
- Fitch is on the lookout for coronavirus economic impacts - on trade, ports, output & more
- S&P says coronavirus outbreak will cut 0.5% from Australia's real GDP growth in 2020
Moody's now:
- says despite some turbulence, APC airports can weather coronavirus challenges
- financial impact for APAC airports larger than suggested by passenger volumes at risk
- says suggests travel between Asian destinations could be significantly affected over at least next 2-3 quarters due to coronavirus
Moody's focused on airport/travel impacts - tourist movements are significant indeed in Asia (and elsewhere of course), business-related travel also. There are significant flow-on effects from a reduced inbound flow of tourists, offset to some extent by locals otherwise taking holidays domestically.
