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The global fashion business journal

Jun 3, 202012:23pm

Moody’s: fashion, one of the most exposed sectors to the coronavirus crisis

According to the American rating agency, the most exposed sectors are those linked to travel and discretionary spending, such as fashion or retail, excluding the alimentary sector. 
Mar 17, 2020 — 6:18pm
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Moody’s: fashion, one of the most exposed sectors to the coronavirus crisis

 

 

Fashion will take the biggest hit from the coronavirus in the sector. According to Moodys, the rating agency, the sectors most exposed to this unusual situation are those linked to discretionary spending and travel. 

  

The organization cites fashion, automotive, durable goods, gaming, tourism and non-food sectors as the most vulnerable to the crisis. The evaluation has been carried out considering a normalization of economic activity in the second half of the year since, the company stresses, the ability of some companies to withstand the effects of the virus will depend on its duration. 

  

Among the sectors with reasonable exposure are beverages, steel producers and the chemical industry, among others, while the least exposed are real estate, food, telecommunications, defense, and construction.

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