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Moody's Talks - Emerging Markets Decoded
Episode 30
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February 20, 2024
State-contingent debt instruments gain traction in restructurings as sovereign defaults rise
These instruments provide flexibility on debt-service payments and can help bridge differences in restructuring talks. Protracted talks delay critical structural reforms and increase default risk.
Guest: David Rogovic, Vice President – Senior Credit Officer, Sovereign Risk Group, Moody’s Investors Service
Host: Scott Phillips, Associate Managing Director, Emerging Markets, Moody’s Investors Service
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