June 29, 2020 / 8:58 AM / a month ago

BRIEF-Moody's Says Emerging Markets' Financial Conditions Stabilise, But Pandemic Fallout Clouds Second Half Credit Prospects

June 29 (Reuters) -

* MOODY’S SAYS EMERGING MARKETS’ FINANCIAL CONDITIONS STABILISE, BUT PANDEMIC FALLOUT CLOUDS SECOND HALF CREDIT PROSPECTS

* MOODY’S SAYS NEW SERIES OF INDICATORS SHOW THAT FINANCIAL CONDITIONS ARE BEGINNING TO CALM ACROSS NINE OF THE LARGEST EMERGING ECONOMIES GLOBALLY

* MOODY’S SAYS PANDEMIC-INDUCED SHOCK TO GROWTH, EARNINGS AND DEBT BURDENS WILL INCREASE EMERGING MARKET (EM) CREDIT VULNERABILITIES

* MOODY’S SAYS PANDEMIC MAY ACCELERATE TREND TOWARD MORE SPLINTERED, PROTECTIONIST GLOBAL ECONOMY, WEIGHING ON EM CREDIT CONDITIONS AFTER LOCKDOWNS EASE

* MOODY’S SAYS SHOCK TO FISCAL REVENUE FROM WEAKER ECONOMIC ACTIVITY, HIGHER SPENDING FROM STIMULUS PROGRAMMES, MEANS EM GOVERNMENT DEBT BURDENS TO RISE 2020 Source text for Eikon:

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