Moody’s maintains ‘stable’ outlook for US ports despite weakening cargo volumes
Ratings agency says ports’ healthy balance sheets and strong credit metrics affords them a cushion from the impact of decreasing volumes
US ports are in a good position to weather the current cargo lull, but a mild recession in the second half of the year will likely constrain growth. Moody’s maintained a stable outlook for US public ports but said this could change if it expects economic conditions and cargo volumes to worsen or improve
