Corporate Bonds in Emerging Markets

I had an interesting chat yesterday with someone who works on emerging markets at a large asset management firm. They provide extended lines of credit to large public or government-backed companies who cannot access the required funding at favorable terms in their local markets.

It was fascinating to hear stories of how due diligence is performed while navigating the economic and political idiosyncrasies of these nations. I wonder what inefficiencies exist in pricing these risks. Something to look into in the future..