Moody's: U.S. debt default will have more impact on emerging markets than on the United States itself.

FAP, May 26 / PRNewswire-FirstCall-Asianet /-- Marie Diron, managing director of sovereign credit risk at Moody's, said at a webinar that if the United States defaults because it fails to raise the debt ceiling, it will not only be bad for the United States itself, but also hurt emerging markets even more, because this incident will dampen risk appetite. Moody's expects more defaults in emerging markets in the coming years, she said. (Bloomberg)