Chinese Port Operators Under Pressure : Moody's Rating - 0 views
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Ajay Kumar on 03 Aug 16LONDON: Slower economic growth, deteriorating export competitiveness and weak liner profitability are narrowing the headroom within the ratings of Chinese port operators, according to Moody's rating agency. "Although manageable capex plans over the next three years will alleviate some of the pressure on their financial profiles, weak liner profitability will limit the port operators' ability to raise handling chargers," Osbert Tang, a Moody's Vice President and Senior Analyst, said. "In addition, export-oriented ports such as Shanghai and Shenzhen will be particularly affected by slowing container throughput amid muted export growth in China," he added.