You are here

Distressed debt from emerging markets down the most since 2008

BT_20141203_DISTRESS3_1394863.jpg
Leading losses among emerging market bonds in Asia is Bumi Resources, the region's most-indebted coal miner.

Singapore

LOSSES in emerging market distressed debt have mounted to the worst since the global financial crisis led by Indonesian coal miner PT Bumi Resources and ZAO Russian Standard Bank.

Bank of America Merrill Lynch's distressed emerging markets corporate index tumbled 2.7 per