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Emerging market corporate and sovereign defaults set to break records

Moody’s and Fitch Ratings say that emerging market defaults are increasingly likely to hit record highs, with Asia-Pacific corporates looking particularly vulnerable.
Emerging market corporate and sovereign defaults set to break records

Asia-Pacific sovereign and corporate borrowers are at an increasing risk of default, which leaves regional institutional investors with the prospect of having to take sizeable markdowns to some of their debt investments.

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