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Brexit not to have major impact on India: Moody's

Moody's does not expect the UK's vote to leave the European Union to have a significant credit impact on Asia Pacific sovereigns

IANS  |  Chennai 

The UK's decision to exit the European Union will not have any significant credit impact on India and other countries in the Asia Pacific region, Moody's Investors Service said on Monday. However, in case of countries where fiscal and monetary policy space is constrained, a shift in portfolio and/or banking flows in some Asia Pacific markets might hurt growth, said the credit rating agency. While the fiscal and monetary policy space is constrained in India its exposure to external financing is limited, it said in its latest report. Moody's does not expect the ...

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