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Developing-nation debt worth US$100b up for grabs

They face ratings downgrade to junk this year which could create buying opportunities

London

THERE may be a lot more in store for emerging-market investors who scooped up bargains during a US$220 billion purge of investment-grade corporate bonds last year.

A further US$100 billion of developing-nation debt faces downgrade to junk this year as Moody's Investors