In this episode of Moody’s Talks – Emerging Markets Decoded, Jaime Reusche of the Sovereign team joins host Ariane Ortiz-Bollin to discuss the credit implications of political unrest in Peru, how it compares to recent events in Brazil and credit distress in Argentina. Plus, Valeria Azconegui of Moody’s Local shares insights from the ground.

Related research:

• Government of Argentina: External market debt buyback amounts to a distressed exchange
• Government of El Salvador: Second debt buyback amounts to a distressed e:xchange, small transaction amount illustrates liquidity stress
• Government of Brazil: Brazil's political polarization is credit negative