Want to create an interactive transcript for this episode?
Podcast: Moody's Talks - Emerging Markets Decoded
Episode: Speculative-grade default rate for emerging market companies improves with macro conditions
Description: The default rate will decline to 3.3% by the end of Q1 2025, far below the peak of nearly 15% at the end of 2022 which was driven by the Russia-Ukraine war and China’s property market woes.Guest: Yang Liu, Vice President - Senior Analyst, Moody's RatingsHost: Scott Phillips, Associate Managing Director, Moody’s RatingsRelated Research:Corporates – Emerging Markets: EM corporate default rate will fall further in 2024 and approach advanced economy rateDefault Trends – Global: Annual default study: Corporate default rate to moderate in 2024 but remain near its long-term average