Country Risk Quarterly Report. Fourth Quarter 2018
Published on Monday, December 10, 2018
Country Risk Quarterly Report. Fourth Quarter 2018
The bet of financial markets on ratings downgrades remain for countries where agencies have already taken recent actions (Argentina, Italy, Turkey). A bias towards a slower Fed's normalization process is supportive for EM ratings; however, protectionism (and its impact on China) is the main risk ahead for EM assets
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