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| Author: | Caplen, B. |
| Title: | Markets forgive sovereign sins |
| Journal: | Euromoney
2000 : JUN, NO 374, p. 118-126 |
| Index terms: | Bonds Eurobonds Emerging markets International capital market Foreign debts |
| Language: | eng |
| Abstract: | More than ever, sovereigns are tapping the bond markets which are proving a lot more flexible and forgiving than the old banking syndicates, reports Brian Caplan. A country can default, restructure and raise new money in a short space of time. With the help of rating agency Standard & Poor's, Euromoney looks at the prospects for emerging - market sovereigns - in default or otherwise - as future bond issuers. |
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