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Negative outlook for Formula 1

Formula 1's outlook has been downgraded to negative from positive by one of the world's leading credit rating agencies. The move has been made by American company Moody's, that assesses the long-term and short-term ratings related to the relative credit risks of numerous global businesses, and comes in light of the ongoing coronavirus pandemic that has resulted in F1 failing to stage a grand prix this season. Article continues under video With the Australian and Monaco GPs cancelled, six others postponed and the near-certainty others will follow, Moody's has declared in a statement that the impact being felt by the sport would result in “weakened earnings and cash flow generation, higher...
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