A Trio of Downgrades Spell Default Danger for Emerging Markets
A vehicle carrying a coffin enters a cemetery in Guayaquil, Ecuador. (Photographer: Marcos Pin/Bloomberg)

A Trio of Downgrades Spell Default Danger for Emerging Markets

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(Bloomberg) -- The Covid-19 pandemic pushed Moody’s Investors Service to downgrade Argentina, Ecuador and Zambia deeper into junk territory on Friday.
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