In this special report, Standard & Poor’s takes another in-depth look at emerging markets beyond the so-called BRIC countries (Brazil, Russia, India, and China). Sustained growth in other transition economies is again the focus of Standard & Poor’s analysts, who explore some key trends in debt and equity financing outside the BRIC nations. The landscape has changed quite a bit since we last viewed it.
Chief Economist David Wyss discusses how growth in emerging markets reduces the global impact of the U.S. recession. The world's economic train has more engines pulling it than in the past, he says. S&P examines these growth “engines that could” for signs of optimism, and find that macroeconomic data are mixed and that many particular credit stories are nuanced. A five-year run of emerging market sovereign upgrades exceeding downgrades may be nearing an end notes John B. Chambers, chairman of the Sovereign Ratings Committee, but he maintains that the spillover effects to frontier markets from credit conditions in industrial countries will be contained. Alka Banerjee, of Standard & Poor's Index Analysis and Management Group, also points out how the appeal of high returns continues to lead more equity investors into the smaller and less liquid frontier markets, where each country presents its own distinct challenges including risk, transparency, governance, and volatility.
Webcasts
Will Frontier Markets Flourish While Industrial Countries Falter?
While record-high oil prices and a U.S. recession are causing a slowdown in most industrial countries and in the global economy, record-high commodity prices and the shifts in world growth patterns are likely to keep most emerging markets on the rise. A panel discussion, moderated by Paul Kilby of International Financing Review, takes a closer look at emerging markets with credit analysts from Standard & Poor’s Ratings Service and Chief Economist David Wyss as they discuss emerging markets and the global economy.
The Allure of Frontier Markets
Watch a webcast by Standard & Poor's Alka Banerjee as she discusses her views on the frontier markets. With the steep rise in stock prices in emerging markets, investors began searching for the next alpha, and frontier markets seemed to be the logical place to explore. Once risky, exotic investments, now they are must-have portfolio allocations.
Asia’s Corporate Sector Braces For A Rough Ride
Faced with the global liquidity crunch, slumping equity markets, rising oil prices, a weakening U.S. economy, and inflation, how will Asian corporates cope? Tune in as Standard & Poor's Senior Director Anshukant Taneja provides insightful analysis on the issue and more.
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