The spread of coronavirus is slowing economic growth significantly, affecting a bigger swath of North American companies. More than 60% of North American non-financial companies we rate are highly or moderately exposed to the effects of the outbreak today, compared to 45% in our first heat map published 16 March. Non-food retail is now considered highly exposed, while the homebuilding, steel, real estate, and advertising sectors are now moderately exposed.

The economic and trade disruption caused by the coronavirus outbreak is spreading from the APAC region to the rest of the world.  View Moody's latest analysis on our specially created topic page. 

The 97 companies in this group operate in the airline, auto, oil and gas, gaming, global shipping, retail and hospitality industries. Exposure is moderate for 36% of the rated companies; they operate in the refining and marketing, chemicals, property, mining and steel industries. The low exposure companies (44%) operate in the telecoms and media, IT services, and engineering and construction industries.