LONDON, July 8 (Reuters) – Investment bank JPMorgan cut on Monday its forecast of the number of emerging market companies expected to default on their debt, following the biggest improvement in distressed-level market pricing since 2016.
With some defaults out the way and others not having materialised, 2024 is also expected to be the first year since the start of the COVID-19 pandemic in 2020 that EM corporate default levels fall below the historical average.
Source: REUTER
