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US tariffs continue to weigh on India, other emerging markets: Moody’s

New Delhi: The series of tariffs announced by the US will have negative credit implications for debt issuers across emerging markets, particularly export-reliant companies, with broader trade uncertainty set to weigh on consumer, business and financial activities, Moody’s Ratings said in a report on Tuesday.Companies with significant exposure to US-bound tariffed goods face the most direct risks, the rating agency said in a report on tariffs in emerging markets.However, Moody’s warned that a much larger pool of debt issuers will suffer indirectly through slowing economic growth, declining commodity prices, depreciating...