A$2.29 0.1 2.7%
Last Trade - 5:11am
Market Cap | £4.92bn |
Enterprise Value | £6.93bn |
Revenue | £1.04bn |
Position in Universe | 62nd / 1831 |
** 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))