Drinks

Proposed Tariffs On European Whiskies ‘Credit Negative’ For Diageo, Pernod Ricard

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The proposed tariffs on European whiskies being put forward by the US government are likely to be credit negative for Diageo and Pernod Ricard, ratings agency Moody’s has warned.

In a new report, Moody’s said that the tariffs would likely affect the profit pools of both firms in the US.

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