March 15 (Reuters) - Moody's:
* MOODY'S SAYS FOR U.S. AND CANADA, IF NAFTA IS DISSOLVED, IMPACT WILL BE FELT AT LOCAL RATHER THAN NATIONAL LEVEL
* MOODY'S SAYS U.S AND CANADA SOVEREIGN CREDIT PROFILES WOULD SEE LIMITED EFFECTS IN THE HYPOTHETICAL SCENARIO THAT NAFTA IS TERMINATED
* MOODY'S SAYS NAFTA BREAK-UP IS UNLIKELY TO CHANGE CANADA'S BROADER TRADE POLICY, AND COULD BE WELL POSITIONED TO COMPETE AS EXPORTER TO OTHER MARKETS