2011 outlook for global transportation infrastructure is stable: Fitch
Fitch Ratings' 2011 stated (20-Jan-2011) its outlook for global transportation infrastructure, including airports, seaports and toll roads, is "stable". Fitch stated growth in volume for Asia Pacific and Latin America airports, seaports and toll roads is expected for the coming year while for Europe and the US, stability at current levels would be viewed positively. Key factors in 2011 ratings will be the trajectory of fuel prices, the pace of economic growth in Europe and the US, and the level of inflationary pressure in the Asia Pacific and Latin America regions. [more]
Fitch Ratings: "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 fuelling employment, consumption, and increasing access to credit. The story in Europe and the US has been very different, with these economies generally struggling to rebound from their respective downturns. Levels of air travel, port volume, and traffic, while stabilising, remain weak and will take some time to return to pre-crisis levels," Company Statement, 20-Jan-2011.