|
For the emerging-market debt community, it’s back to the future. Fears over the debt-servicing capacity of Chinese property firms, Ukrainian corporates and Latin American oil producers are rocking the asset class.
A perfect storm – a relentless surge in the dollar as well as the death of both the commodity super-cycle and US monetary stimulus on steroids – threatens the health of EM economies. Defaults are staging an uptick as the spectre of a cost-of-capital crisis for large swathes of the emerging market private sector looms.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
