Taking stock of EM sovereign credit ratings in the new normal: The MUFG Global Markets Podcast

After a severe downgrade cycle triggered by the pandemic, recent credit rating developments have been more mixed across emerging markets, with upgrades in parts of Africa, further downgrades in Asia and Latin America, whilst most of the MENA region has been left unchanged.

In this week’s podcast, Ehsan Khoman, Head of Emerging Markets Research (EMEA), takes stock of the year-to-date credit rating developments in emerging markets. Importantly, he also flags countries where credit rating developments could turn positive due to relatively strong fundamentals, as well as countries which are at risk of further downgrades due to the delta variant and delayed reopenings, as markets begin to form new contours of normality towards a post-virus equilibrium.

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