Goodman logo

GMG - Goodman News Story

A$16.94 -0.1  -0.7%

Last Trade - 5:10am

Sector
Financials
Size
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 -
Moody's
    ** 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
February
    ** 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)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.