PSA International’s credit profile is “well-positioned” despite ongoing disruptions and trade volatility, Moody's Investors Service has said in a new report.
The global terminal operator’s credit profile is also said to “remain strong” in what the rating agency described as a “range of throughput scenarios”.
“We expect PSA International's throughput to decline by 3% to 10% in 2020 and subsequently grow by 0% to 10% in 2021 — a wide range reflecting different scenarios and the uncertain global trade environment,” Moody's senior vice president Ray Tay said.
