Rate Increase “Devastating” for LatAm Debt
A sharp rise in rates in the US would be “devastating” for Latin America’s debt market borrowers if it occurred, Hari Hariharan, chairman and CEO of New World Investments, says. The volume of emerging market debt vulnerable to a fast rise in US rates is many times larger than what was affected by such a move in 1994, the investor says. Structural changes in the market also make...
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