Join ACGA's team of analysts and Larry McDonald, founder of the The Bear Traps Report, as they discuss the spread of the coronavirus and its effect on sovereign risk. This being compounded by the ongoing oil conflict between Saudi Arabia and Russia which has moved many sovereign debt issuances into the realm of distressed trading. Ratings agencies have been forced to downgrade several countries, including Mexico and South Africa, while others are sure to follow. They explore the macro risks associated with markets for several of these sovereign bonds and the potential for further outflows as the crises persist.
This podcast is a lightly edited version of a policy call held on April 1st, 2020.
