London, 23 November 2016 -- While fresh clouds are gathering on the horizon with Brexit, uncertainty over trade agreements with the US under a future Trump administration and higher pension deficit liabilities, the outlook for EMEA non-financial corporates remains stable for 2017, says Moody's Investors Service in a report published today. Strong liquidity, good market access and cautious financial policies underpin most companies' creditworthiness, supported by a broad picture of real GDP growth, albeit at low levels, across most of the EMEA region in the year ahead.

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