Wave of Upgrades Lift Emerging-Market Assets on Policy Turns
Mon, May 6, 2024 6:31 PM

Wave of Upgrades Lift Emerging-Market Assets on Policy Turns

A Flip by Avya Verma
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Markets in three of the largest emerging economies got a boost after Turkey’s sovereign rating was upgraded, and as the outlooks for both Egypt and Nigeria were lifted. Egypt’s credit rating outlook was raised to positive from stable by Fitch Ratings, after the North African nation secured an international bailout. Egypt’s dollar notes due in 2047 were set for the highest in more than three week.

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