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MercoPress, en Español

Montevideo, November 22nd 2024 - 05:21 UTC

Tag: US higher rates

  • Wednesday, January 30th 2019 - 08:48 UTC

    Emerging markets vulnerable to US higher rates and stronger dollar

    Argentina, whose Peso was the worst-performing emerging-market currency last year, has 83% of its government debt in foreign currency, according to Fitch

    Emerging markets face more downgrades than upgrades this year as foreign debt levels leave them vulnerable to rising U.S. interest rates and the strength of the dollar, according to Fitch Ratings. Latin America, the Middle East and Africa will be impacted more by lower credit scores because of the high share of their foreign-currency debt, said James McCormack, Hong Kong-based global head of the sovereign and supranational group at Fitch.