{"id":93673,"date":"2020-10-20T20:54:43","date_gmt":"2020-10-20T17:54:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/moodys-upgrades-restaurant-industry-cites-stable-outlook\/"},"modified":"2020-10-20T20:54:43","modified_gmt":"2020-10-20T17:54:43","slug":"moodys-upgrades-restaurant-industry-cites-stable-outlook","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/moodys-upgrades-restaurant-industry-cites-stable-outlook\/","title":{"rendered":"#Moody\u2019s upgrades restaurant industry, cites \u2018stable outlook\u2019"},"content":{"rendered":"

“#Moody\u2019s upgrades restaurant industry, cites \u2018stable outlook\u2019<\/strong>”
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\n The battered restaurant industry app<\/a>ears to be waking up from its coronavirus-induced coma, an influential debt ratings agency has found.<\/p>\n

Moody\u2019s Investor Services on Monday boosted its rating for the struggling industry to \u201cstable\u201d from \u201cnegative,\u201d citing customers\u2019 increasing willingness to dine out.<\/p>\n

The rating agency said its expects industry-wide operating profit to rise by 15 percent in 2021 after falling by more than 30 percent in 2020, led by fast-food drive-thrus and takeout.<\/p>\n

\u201cThe stable outlook for the US restaurant industry reflects slowly improving business conditions over the next 12 to 18 months, as restrictions implemented to curb the spread of the coronavirus are slowly eased and customers gradually return to dining out,\u201d Moody\u2019s vice president, Bill Fahy said in a statement.<\/p>\n

Quick service restaurants, especially those with drive-thrus, lead the pack, Moody\u2019s said. Casual eateries have been helped by their pivot to curbside pick-up and delivery, the rating agency said.<\/p>\n

Moody\u2019s also warns that restaurants still face plenty of risks, including social<\/a> distancing rules that limit their indoor dining capacity and consumers\u2019 preference for eating outdoors, a prospect that will become more difficult in the winter months.<\/p>\n

Restaurants also face increasing competition from supermarkets, convenience stores and coffee chains, including Starbucks and Dunkin\u2019 Brands, who are serving up more prepared food than ever before, according to Moody\u2019s.<\/p>\n

By the end of the year, \u201cfor the first time in a long while, the number of US restaurants is expected to decline,\u201d Fahy said. \u201cAnd more closures are likely, depending on how long this operating environment continues.\u201d\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Moody\u2019s upgrades restaurant industry, cites \u2018stable outlook\u2019” The battered restaurant industry appears to be waking up from its coronavirus-induced coma, an influential debt ratings agency has found. Moody\u2019s Investor Services on Monday boosted its rating for the struggling industry to \u201cstable\u201d from \u201cnegative,\u201d citing customers\u2019 increasing willingness to dine out. The rating agency said its…<\/p>\n","protected":false},"author":1,"featured_media":93674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Fast-food.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[76409,74337],"class_list":["post-93673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-20-20","tag-moodys-investors-service"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/93673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=93673"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/93673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/93674"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=93673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=93673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=93673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}