S&P Global Ratings said Sept. 19 that it saw a clear trend in European aviation of decelerating traffic growth, regulatory developments and geopolitical events, although the long-term outlook remains stable. “Because of the weakening economic environment, we expect traffic to continue decelerating for the next year,” the credit rating agency said. S&P now forecasts GDP volume multiples to fall to 1-1.5x in 2019 and 2020, down from 2-3x in 2018. The firm said airport ...


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