Subscribe to RSS feedMoody’s forecasts only partial recovery in 2010
by
Steve Matthews, London
—
last modified
Mar 15, 2010 09:11 AM
GLOBAL ratings agency Moody’s forecasts that the tanker and dry bulk sectors will partly recover in 2010, although there will not be a full recovery. However, the outlook remains gloomy for the container sector.
Marco Vetulli, vice-president and senior credit officer at Moody’s, told Lloyd’s List: “The worst is behind us. We do not expect to see an increase in company bankruptcies. The likelihood of defaults will decline through 2010.
“It will take time...
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