What Debt Cliff? Easing Emerging Company Defaults Defy Gloom

Updated on
  • Defaults on emerging high-yield bonds fall to 3% in March
  • Currency mismatch was "the dog that didn't bite": Ashmore

Just six months after the IMF joined a chorus of regulators and credit-rating agencies warning emerging markets were on the cusp of a wave of corporate defaults, the reverse is taking place.

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