Corporates on the sidelines amid wave of EM downgrades

DollarMoneyPot_Adobe_575x375
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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial