The portion of emerging-market companies in Bank of America Merrill Lynch’s Global High Yield Index has swelled since they were first included four years ago.
Petroleo Brasileiro SA became the biggest index member after the Brazilian oil producer was cut to junk by Moody’s Investors Service in February, with $44 billion of debt, according to Bank of America. Russian companies represent the largest emerging-market nation at 4.4 percent, followed by Brazil at 3.8 percent. U.S. companies make up 52 percent.
Brazil Energy Insight 
Leave a comment