Trump’s Trade War Is Good for Private Credit, Moody’s Says

President Donald Trump’s tariff policies, which are expected to encourage companies to shift operations to the US and reduce dependence on global supply chains, present a compelling opportunity for private credit, according to Marc Pinto, global head of private credit at Moody’s Ratings.

“Governments are pressured and they have capacity constraints,” he said on Bloomberg Television on Friday. “That’s where private credit markets can step in.”