“We regard the coronavirus outbreak as a social risk under our ESG framework, given the substantial implications for public health and safety,” the announcement added.
“The coronavirus crisis is not a key driver for this rating action. We do not see any material immediate credit risks for Westport.
“However, the situation surrounding coronavirus is rapidly evolving and the longer term impact will depend on both the severity and duration of the crisis. If our view of the credit quality of Westport changes, we will update the rating and/or outlook at that time.”
“We regard the coronavirus outbreak as a social risk under our ESG framework, given the substantial implications for public health and safety,” the announcement added.
“The coronavirus crisis is not a key driver for this rating action. We do not see any material immediate credit risks for Westport.
“However, the situation surrounding coronavirus is rapidly evolving and the longer term impact will depend on both the severity and duration of the crisis. If our view of the credit quality of Westport changes, we will update the rating and/or outlook at that time.”
