Posted AT 9:00 AM EST on 02/11/08
Emerging markets face financing crunch
NEW YORK — Emerging market companies are feeling the pinch of the credit crisis and next year face the pain of refinancing $450-billion (U.S.) in notes, bonds and loans.
The debts coming due next year, with another $487-billion maturing in 2010 according to Dealogic, threaten the investment commitments some companies have made.
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