Corporates on the sidelines amid wave of EM downgrades

By Ross Lancaster
01 Jun 2020

Emerging market corporate downgrades have accelerated since the beginning of the Covid-19 crisis, which has raised questions about debt refinancing in the asset class.

With the Covid-19 crisis ploughing into earnings, EM corporates have suffered a heavy spate of downgrades in recent months. That has some analysts worried, given the growth of non-financial corporate debt over the last decade, which has swelled from $18tr to $30tr, according to the Institute for International ...

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