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

Up to 13.7% default rate

Lauren Mason
clock • 1 min read

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.

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