Moody's Updates Outlook On European Retail Industry To 'Positive'
Moody's has updated its outlook on the European retail industry to 'positive' from 'stable', as operating conditions for retailers affected by the pandemic starts to improve as a result of the vaccine rollout and easing of COVID-19 restrictions.
In food retail, Moody's said that demand will ease compared to prior lockdown highs, but a reduction in associated costs will support profitability in the sector.
Moody's is expecting adjusted EBITDA for the retailers it rates to rise by around 10% this year, compared to 2020, it said in a report, Outlook moves to positive as operating conditions improve.
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