Latin America: Investors seek solace in resilience of corp credit

LatAm fixed income markets have seen a collapse in primary issuance and yields have jumped in the secondary market. But investors and bankers are pointing to a new-found maturity that augers well.

venezuela bolivar boats-R-600

In early January 2016 the Institute of International Finance released data that showed unprecedented capital outflows from emerging markets. The headline figure – a dizzying $735 billion in 2015, following $111 billion in 2014 – flashed across the world and made the leap from financial media to mainstream news. 

Underneath the headline statistic it quickly became clear how much China was dominating these outflows. The IIF calculated $676 billion of the $735 billion was directly related to China.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access