With emerging markets (EM) equities, currencies and sovereign debt posting strong year-to-date gains, should investors also warm up to EM corporate credit, which lagged the rally? To get a better idea of what investors should expect, Robert Abad, Founder of EM+BRACE, sat down with us and shared his insight. Robert Abad: Investors with an interest in EM should always … Continue reading
Emerging market economies are feeling the sting amid an oil price crisis and a slowdown in global growth which is battering economies, markets, and companies; alongside political risk these factors are eroding creditworthiness, which has lead to a spate of downgrades from ratings firm Standard & Poor’s (S&P). S&P has been the first ratings firm to downgrade sovereign debt from Saudi Arabia to Poland so far this year. On February 17, … Continue reading
Standard & Poor’s (S&P) downgraded Brazil’s outlook to negative from stable on Tuesday and warned that it may cut the nation’s credit rating to junk amid their political and economic challenges and an ongoing corruption probe. S&P affirmed Brazil’s credit rating at BBB-minus, the lowest possible investment grade rating, and could downgrade the nation over the next 12 to 18 months. The … Continue reading