March 20, 2020 / 2:35 PM / 15 days ago

BRIEF-Moody's Says Outlook For U.S. Airports Revised To Negative As Expectation Of Enplanements Drops

March 20 (Reuters) - Moody’s:

* MOODY’S SAYS OUTLOOK FOR U.S. AIRPORTS REVISED TO NEGATIVE AS EXPECTATION OF ENPLANEMENTS DROPS

* MOODY’S SAYS NOW EXPECT ENPLANEMENT LOSSES FOR U.S. AIRPORTS FOR THE YEAR WILL BE GREATER THAN 20%

* MOODY’S SAYS EXPECT SIGNIFICANT NUMBER OF U.S. AIRPORTS TO NEED TO MAKE USE OF STRUCTURAL PROTECTIONS TO RAISE RATES ON AIRLINES TO MAINTAIN DEBT SERVICE

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