
Credit Conditions - Emerging Markets Monitor: Conditions will remain tough in Q4 with tight funding, slow growth, volatile dollar
19 Oct 2023
Central banks switch to rate cuts although the pace will be careful and gradual. The positive real policy rates of many EM currencies provide resilience against rate cuts.

Moody's Investors Service
Global Emerging Markets Chartbook
13 December 2022
Despite signs of improvement, credit stress indicators are still above long-term averages across non-investment-grade EM sovereigns and nonfinancial companies.
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