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Emerging MarketsEM LatAm

Oil volatility claims PetroRio bond plans as Lat Am nears peak

Rio de Janeiro, Brazil, Copacabana, oil rig, ocean, LatAm, 575

A proposed debut bond from a Brazilian oil company that ratings agencies said had “high operating risk” and a “small” and concentrated asset base proved to be one step too far for the rampant EM bond market that is showing signs of nearing its peak.

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