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Emerging Markets

You’ve never had it so good

There’s no denying it: the corporate sector has had an excellent crisis. While sovereigns and financial institutions have suffered terribly, having entered the credit crisis with dangerously high levels of debts and bloated balance sheets, companies, with their low gearing and exposure to the real economy, have weathered the storm magnificently. The result has been a new golden age for corporates in the capital markets. Philip Moore reports.

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