Fitch: 2011 outlook for global transportation infrastructure is stable, call Tues, 1/25 @9:30AM EST
20-Jan-2011 Fitch Ratings' 2011 outlook for global transportation infrastructure, including airports, seaports and toll roads, is stable, according to a new outlook report issued today.
Growth in volume for Asia-Pacific (APAC) and Latin America (LatAm) airports, seaports and toll roads is expected for the coming year while for Europe and the U.S., stability at current levels would be viewed positively.
In APAC and LatAm, the story has been one of relatively solid economic performance, despite the depth of the downturn in more developed economies. This experience, coupled with capital in flows is fueling employment, consumption, and increasing access to credit.
The story in Europe and the U.S. has been very different, with these economies generally struggling to rebound from their respective downturns. Levels of air travel, port volume, and traffic, while stabilizing, remain weak and will take some time to return to pre-crisis levels.
Going forward, key factors in 2011 rating actions will be the trajectory of fuel prices, the pace of economic growth in Europe and the U.S., and the level of inflationary pressure in APAC and LatAm.
Fitch will host a teleconference on Tuesday, Jan. 25th at 9:30 EST/14:30 GMT to discuss highlights of its 2011 Global Transportation Infrastructure Outlook. Details of the call will be available in a separate press release issued this morning.
Fitch's special report titled '2011 Outlook: Global Transportation Infrastructure' is available on Fitch's website at 'www.fitchratings.com