March 25, 2020 / 7:40 PM / 3 days ago

BRIEF-Moody's Revised U.S. Ports Outlook To Negative

March 25 (Reuters) - Moody’s

* MOODY’S SAYS U.S. PORTS OUTLOOK REVISED TO NEGATIVE

* MOODY’S SAYS U.S. PORTS OUTLOOK REVISED TO NEGATIVE ON WEAKENED DEMAND, PERSISTENT SUPPLY CHAIN RISK

* MOODY’S SAYS U.S. PORTS OUTLOOK REVISED REFLECTS VIEW THAT GLOBAL, U.S. DEMAND WILL SUFFER MORE THAN EXPECTED AS RESULT OF CORONAVIRUS DISRUPTION

* MOODY’S SAYS DEMAND FOR U.S. PORT SERVICES WILL BE WEAKER THAN PREVIOUSLY ACCOUNTED FOR IN STABLE OUTLOOK, WITH DOWNSIDE RISK OF RECESSION

* MOODY’S SAYS EXPECT SHORT-TERM SURGE IN CONTAINER VOLUMES, AS BACKLOG OF DELAYED CARGO IS LOADED, NEW ORDERS TO REPLENISH INVENTORIES AT U.S. BUSINESSES

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