Ben Ramsey, Nishant Poojary and Jonny Goulden discuss the latest publication on EM Sovereign External Repayment Risks. This report builds on our previous work, providing a comprehensive assessment of external repayment risks across a broad set of EM and frontier sovereigns. We focus on 18 sovereigns flagged by our risk metric assessment as most vulnerable to credit events. Our set of countries features many familiar names that have faced stress in the past, but there are also some new names in the mix.
Our key finding is that the majority of at-risk EM sovereigns possess sufficient reserves and financing sources to meet upcoming Eurobond amortizations through 2026.
Speakers
Jonny Goulden, Head of EM Fixed Income Strategy
Ben Ramsey, Head of EM Sovereign Credit Strategy
Nishant Poojary, Emerging Markets Strategy
This podcast was recorded on October 8, 2025.
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