Ridership will not approach pre-pandemic levels for many years as the coronavirus continues to weigh on mass transit systems’ financial performance.
Mic Kang and Ning Loh from the Project and Infrastructure Finance team discuss the risks for producers from the region’s slowing power demand growth and shift away from coal power. The latter reflects government policies that favor renewables and disruptive technologies that reduce coal power’s cost-competitiveness.
Edoardo Calandro, David Fanger and Daniel Yu of the Banking team zero in on the COVID-19 pandemic’s effects on bank loans in the UK, US and Australia. Plus, Shachar Gonen of the Insurance team and Keith Banhazl of the Structured Finance team look at how much the slowdown in commercial real estate will weaken US life insurers’ CMBS holdings.