On emerging market debt.

• Author: Rees, Matthew
• Position: Emerging Markets - Brief article

"Who says sovereign debt is king? Firms in emerging markets have raised more than twice as much in international markets as have sovereign borrowers this year, a complete turnaround from just five years ago."

"With all the liquidity have come laxer lending standards. According to a recent report by the World Bank, private lenders have granted borrowers more flexibility with loan covenants and demanded fewer third-party guarantees...