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Less risk in emerging markets debt?

Defaults among corporate emerging markets debt have been approximately $5.8 billion as of April 25, on pace to be well below 2016 defaults and still lower than those in 2015.

About one-quarter of 2017 defaults have been from Chinese companies amid concerns over the growth of the debt bubble in that country and the Chinese government's newly found willingness to allow companies to default on their debt. Brazil has seen zero defaults so far in 2017 after $17 billion in debt defaulted last year, accounting for 40% of all defaults among emerging markets debt issues.