June 17, 2020 / 8:57 PM / 20 days ago

BRIEF-Moody's Says Economic Deterioration From Coronavirus Is Continuing To Heavily Affect Many U.S. Businesses With Equipment Financing Contract

June 17 (Reuters) - Moody’s Ratings:

* MOODY’S SAYS ECONOMIC DETERIORATION FROM CORONAVIRUS IS CONTINUING TO HEAVILY AFFECT MANY U.S. BUSINESSES WITH EQUIPMENT FINANCING CONTRACT

* MOODY’S SAYS COLLATERAL PERFORMANCE WILL LIKELY WORSEN MORE FOR TRUCKING AND TRANSPORTATION ABS AND SMALL TICKET EQUIPMENT ABS

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