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GMG - Goodman News Story

A$16.94 -0.1  -0.7%

Last Trade - 5:10am

Large Cap
Market Cap £17.56bn
Enterprise Value £18.03bn
Revenue £1.13bn
Position in Universe 20th / 1847

BUZZ-Business conditions improving for Australian infrastructure sector - Moody's

Tue 8th December, 2020 2:52am
** Ratings agency Moody's says business conditions and
confidence are improving for Australia's infrastructure sector
    ** Says its stable outlook for the sector for 2021 is
supported by continued demand for infrastructure services and
the country's stable regulatory frameworks    
    ** Containment of the coronavirus in Australia facilitates a
resumption in domestic air travel off a low base, and also
underpins better prospects for toll road and port operators -
    ** Adds the broader infrastructure sector has also benefited
from continued support from lenders during the pandemic, with
A$15.7 bln ($11.65 bln) of refinancing since the onset in
    ** Key downside risks remain a prolonged resurgence of
COVID-19 in country, and uncertainty around resumption of
widespread international travel, which will likely hinge on
rollout of an effective vaccine - Moody's 

($1 = 1.3477 Australian dollars)

 (Reporting by Shruti Sonal in Bengaluru)
 ((; Twitter: @shrutisonal26))
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