May 6, 2020 / 7:31 AM / 22 days ago

BRIEF-Moody's Says European Beverage Companies' Profits Hit By Coronavirus But Fundamentals Remain Strong

May 6 (Reuters) - MOODY’S:

* EUROPEAN BEVERAGE COMPANIES’ PROFITS HIT BY CORONAVIRUS BUT FUNDAMENTALS REMAIN STRONG

* EUROPEAN BEVERAGE COMPANIES SAY SECTOR FUNDAMENTALS REMAIN STRONG AND COMPANIES SHOULD RETURN TO PROFIT IN 2021

* 2020 PROFITS WILL DECLINE UP TO 30% FOR SOME EUROPEAN BEVERAGE COMPANIES Source text: bit.ly/3dmoGwC

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