Hype for local institutions is getting harder to spin amid an ongoing pandemic recession.
Recently, one of our smarter readers sent this bad news our way that's buried within financial market bizspeak . . .
"The Negative Outlook reflects the substantial adverse impact on operating and financial performance due to the coronavirus and related containment measures, along with uncertainty around the timing and magnitude of recovery. "The outbreak of the coronavirus and related government containment measures worldwide create an uncertain global environment for the airport sector. Material changes in revenue and cost profile are occurring across the sector and will continue to evolve as economic activity and government restrictions respond to the ongoing situation."
Developing . . .