EMD to suffer more defaults than in 2008 financial crisis, Moody's warns - reports

Up to 13.7% of "speculative grade" bonds across emerging markets are at risk of defaulting over the next year – a higher level than that seen during the throes of the 2008 Global Financial Crisis, according to Moody's latest forecast.

According to the credit rating agency - as reported by the Financial Times - the default rate for higher-risk emerging market debt last year stood at just 0.8% with seven companies defaulting, including...