Lights off in LatAm HY leave bonds falling through darkness
![Beijing, Brazil. 27th Sep, 2015. Photo taken on Sept. 27, 2015 shows the lightning over the statue of Jesus Christ on the Corcovado Mountain in Rio de Janeiro, Brazil, Sept. 27, 2015. © Xu Zijian/Xinhua/Alamy Live News](https://assets.euromoneydigital.com/dims4/default/5a99b19/2147483647/strip/true/crop/3000x2000+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F9a%2F05%2F0cf83e704491adb475a1fdfb919b%2Ffaj54g.jpg)
Credit crunch for high yield names likely to lead to more defaults as struggling companies find no bid
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