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Emerging market corporate credit quality better placed to handle next downturn
Moody's Talks - Emerging Markets Decoded
The Future of EAM CorporateDefault Rates
More than half of our total rated EAM corporate are investment grade. So I think all other things being equal, you would probably expect lower defaults this time around. Even in even in a pessimistic scenario, we're expecting the default rate to be lower than the US high yield. Victoria? How different is that this time around?
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