News Formal

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.

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 CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

Colombia and Brazil Lead Emerging Market Currencies on Fed BetsCurrencies from Brazil and Colombia led gains among their emerging-market peers, which edged up for a fifth day on Tuesday, while the Chilean peso slipped back from a three-month high, as traders continue to tweak bets on US rate cuts this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

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 »