Few Corporate Defaults Expected in 2009

Few Corporate Defaults Expected in 2009

Corporate & Sovereign Strategy

Thanks largely to liquidity support from governments, EM corporates should see low default rates in 2009, says Anne Milne, head of Deutsche Bank's LatAm corporate bond research group. “We see almost no default next year in Latin America,” she tells investors at an EMTA event in New York, adding that her shop forecasts a 4.0% default rate in EM. JPMorgan and Merrill expect 1.0% and 3.0% respectively, versus 0.3% currently. The most probable candidates are Argentine corporates having difficulties

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