@Aberdeen Standard Investment
A country’s creditworthiness is fundamentally dependent on its competitiveness and ability to sustain economic growth over the long term. To assess this, investors traditionally look at a range of macroeconomic variables, including public debt, inflation, fiscal deficits and current account balances. Along with political and governance factors, these are determinants of economic development and elements of the country’s willingness and ability to repay its debt. Are ESGP considerations even more relevant than traditional macroeconomic variables when looking at Emerging Market Debt?
