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EM debt concern may be overblown

Corporate issuers may get revenue from exports as they borrow abroad amid rising dollar

OIL'S WELL: Analysts say that while hurt by slumping energy prices, oil producers are unaffected by exchange-rate declines because they receive revenue in dollars and have most of their costs in local currencies.

New York

AS THE US dollar soars month after month, the chorus of voices expressing concern about how it will imperil emerging-market companies that borrowed abroad is growing.

India central bank governor Raghuram Rajan said in February that such borrowing is akin to playing Russian...

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