Exposure to coronavirus disruption low for majority of APAC infrastructure companies

The Business Times | Apr 9, 2020 at 12:00 AM
  • Of the nearly 200 rated infrastructure issuers in Asia-Pacific, 68 per cent have low exposure to disruption from the coronavirus, 23 per cent have moderate exposure, and 9 per cent have high exposure said Moody’s Investors Service in a sector comment released on Thursday.
  • In particular, the rated Asia-Pacific airport sector is highly exposed to global coronavirus containment measures and travel restrictions which have resulted in unprecedented declines in passenger traffic with uncertain recovery trajectory.
  • Weakened traffic volumes for the toll road sector in China also continues to dent issuer’s revenue and strain their credit metrics.