Unlocking Value: Navigating the Evolving World of Emerging Market Corporate Debt

Analyzing Emerging Market Corporate Credit Performance in 2025

In 2025, emerging market (EM) corporate credit demonstrated another year of robust performance, achieving index returns of 8.7%. This asset class generally surpassed developed markets (DM) corporate credit across various ratings, with the exception of CCC-rated instruments. However, it did not reach the exceptional performance levels seen in EM sovereign debt during the same period.