US tariff and trade uncertainty have 'negative credit consequences for emerging market debt issuers': Moody's

Moody's Ratings highlights that ongoing uncertainty surrounding US tariffs negatively impacts emerging market debt issuers, including corporations and governments. These tariffs, coupled with geopolitical tensions, contribute to slower economic growth and currency depreciation. Moody's also downgraded the US credit rating due to rising government debt and persistent deficits, forecasting further increases in federal deficits.