Photographer: Scott Eells/Bloomberg

S&P Proves Unforgiving Toward Emerging Markets as Poland Gripes

  • Bahrain junked day after prices set on $750 million of bonds
  • Spate of downgrades called `harsh' by Brown Brothers Harriman

Standard & Poor’s is taking the hardest line among ratings firms on emerging markets as a global slowdown and political risk erode creditworthiness.

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