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Best Global emerging markets debt house: Deutsche Bank |
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Also nominated: Credit Suisse and HSBC |
While the eurozone’s peripheral economies struggle to stave off default, most emerging markets borrowers continue on their merry way. Indeed for certain issuers, such as Mexican wireless services provider América Móvil or Korean power company Kepco, the term emerging markets is a misnomer. They are solid investment-grade firms whose successes reflect the increasing maturation of the asset class.
Ten years ago a crisis in Europe would have meant that bond markets were shut for developing-country borrowers.
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