After delivering another year of solid performance in 2025, emerging markets (EM) corporate credit appears poised for another solid year in 2026. The asset class outperformed developed market (DM) peers across most rating categories, supported by resilient fundamentals, attractive yields, and a broadening opportunity set. While index spreads sit near the lower end of historical ranges, yield levels remain compelling, underscoring both the opportunities and the need for selectivity. We examine five key themes shaping the evolving EM corporate debt landscape and outline how investors can navigate risks and identify potential investment opportunities.
