Analysis-Emerging market credit ratings are finally looking up again

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 63%

Emerging Markets News

Turkey,Credit Ratings,COVID

From Brazil, Nigeria and Turkey to even some of the riskiest emerging markets such as Egypt and Zambia, evidence is growing that a decade-long deterioration ...

LONDON - From Brazil, Nigeria and Turkey to even some of the riskiest emerging markets such as Egypt and Zambia, evidence is growing that a decade-long deterioration in sovereign credit ratings has finally started to reverse.

Fitch's global head of sovereign research Ed Parker said the turnaround has been down to a combination of factors. Turkey, South Africa, Brazil and Russia all lost coveted investment grade scores during that time, while a deluge of debt almost everywhere apart from the Gulf has left the average EM credit rating more than a notch lower than it used to be.

A few governments, such as Zambia, are getting a natural lift from coming out of debt restructurings while a number of places are making obvious policy improvements.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis-Brazil central bank chief irks finance ministry team on his way outExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Saudi Stocks Trail Emerging Peers for First Time Since PandemicSaudi stocks are lagging emerging-market peers for the first time since the pandemic as tensions in the Middle East mount and the kingdom dials down plans for a sprawling desert construction project.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Eisler Traders Exit as Firm Pares Emerging-Market Rates BetsEisler Capital, the $4 billion multi-strategy hedge fund, has largely pulled back from wagering on emerging-markets interest rates after traders lost money and differed on approach with a top deputy of founder Edward Eisler.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Fresh Stimulus Propels Emerging Markets to Fourth Week of GainsEmerging-market stocks and currencies headed for a fourth consecutive week of gains as investors weighed US rate cut prospects amid fresh efforts by developing nations to shore up their economies from China to Turkey.
Source: BNNBloomberg - 🏆 83. / 50 Read more »