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Podcast: Moody's Talks - Emerging Markets Decoded
Episode: State-contingent debt instruments gain traction in restructurings as sovereign defaults rise
Description: 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 ServiceHost: Scott Phillips, Associate Managing Director, Emerging Markets, Moody’s Investors ServiceRelated Research:State-contingent debt instruments can aid debt restructuring, but can carry fiscal risks