, Columnist
Emerging-Market Debt's Frayed Edges
Bonds from less-developed nations are generally becoming less creditworthy.
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Investors are deepening their love affair with emerging-market debt at a time of profound complacency in stocks and bonds. As they do so, some buyers may be disregarding some fundamental facts.
Emerging-market debt is generally becoming less creditworthy. Bloomberg Intelligence’s Damian Sassower pointed this out in a recent report, highlighting how lower-rated countries including Turkey, Ecuador and Sri Lanka are selling a greater proportion of new debt.