BRIEF-Moody's Says Europe Will Benefit More From Rebound In U.S. Growth Than From China's Recovery

Moody's: * MOODY'S SAYS EUROPE WILL BENEFIT MORE FROM REBOUND IN US GROWTH THAN FROM CHINA'S RECOVERY

* MOODY'S SAYS US AND CHINESE GROWTH WILL HAVE IMPORTANT SPILLOVER EFFECTS ON EUROPE'S GDP * MOODY'S SAYS CREDIT POSITIVE IMPACT FOR EXPORT-ORIENTED SECTORS AND EUROPEAN SOVEREIGNS

* MOODY'S SAYS ESTIMATES THAT A PERMANENT 1% INCREASE IN US GDP WILL LEAD TO AN ADDITIONAL 0.8% RISE IN GDP IN EUROPE * MOODY'S SAYS ESTIMATES 1% INCREASE IN CHINA'S GDP WILL BOOST EUROPEAN GDP BY JUST 0.2% Source text for Eikon: