Eurozone fiscal woes could be eased by EM exposure
Spain is the latest eurozone country to face losing its AAA credit rating from ratings agency Moody's Investor Service. But some of its companies might be partly insulated by their close ties to emerging-market nations in Latin America.
Speaking at a Credit Institute meeting on sovereign risk in London on June 30, panellist Martin Reeves, the global head of credit research at Alliance Bernstein, said: "The largest Spanish companies, such as Telefonica and Santander, have material interests
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