… Ahead of Anticipated U.S. Recession
On 07 December 2022, Moody’s, the bond credit rating concern providing international financial research on bonds issued by commercial and government entities, posited that the 2023 outlook for subject facilities was stable—ahead of an anticipated U.S. recession. The report marks a change from 2022’s positive assessment, and reflects Moody’s expectations that a worsening macroeconomic environment and airline capacity constraints will negatively impact passenger traffic growth, and slowing global economic growth will reduce cargo demand, thereby weakening revenue for U.S. ports.