New Developments New Developments
New Developments

In this area, EMTA posts current information regarding EMTA projects and other matters deemed of interest to participants in the Emerging Markets trading and investment community. To submit materials for posting to this area, please contact EMTA by e-mail at EMTA generally disclaims responsibility for the content of materials received for posting from outside sources.

Current | 2014 | 201320122011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 

Argentina Litigation 

March 2, 2015
EMTA Investor Forum in Boston to be Held on April 1, 2015. Click Here to Register.

House Subcommittee Hearing on H.R. 870 Granting Recognition of Puerto Rico as a "State" for Purposes of Access to Chapter 9 of the U.S. Bankruptcy Code – Professor Arturo Porzecanski Statement and Statement of Four Witnesses and Video of the Proceedings.

February 20, 2015
Moody's Downgrades Russia's Sovereign Debt Rating from Baa3 to Ba1.

February 19, 2015
Statement of Daniel A. Pollack, Special Master in Argentina Debt Litigation.

Moody's Downgrades Puerto Rico GO Bonds to Caa1 from B2, COFINA to B3/Caa1 from Ba3/B1.

February 17, 2015
2015 Year-End Forecast Slide Displayed at EMTA Winter Forum in London.

February 13, 2015
Moody's Upgrades Latvia's Government Bond Rating from Baa1 to A3.

February 10, 2015
Venezuela publishes new FX regulations - in English and Spanish. 

February 9, 2015
Creditor Engagement Clauses - Pro's and Con's to be Held in NYC on March 2, 2015. Click Here to Register.

Standard & Poor’s Downgrades Bahrain’s Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB-. 

Standard & Poor's Downgrades Kazakhstan's Long-Term Foreign Currency Sovereign Credit Rating from BBB+ to BBB. 

Standard & Poor's Downgrades Venezuela's Long-Term Foreign-Currency Sovereign Credit Rating from CCC+ to CCC. 

U.S. District Court Holds that Puerto Rico’s Recovery Act is Unconstitutional – Cadwalader, Wickersham & Taft Memorandum. 

February 5, 2015
EMTA Announces 2014 Annual EM CDS Volume Stood at US$1.56 Trillion.

February 4, 2015
Feedback Statement of the European Securities and Markets Authority (ESMA). Consultation on the Clearing Obligation for Non-Deliverable Forwards. 

Holiday Schedule for EM Bond Trades for US Presidents' Day Holiday. 

January 30, 2015
EMTA Special Seminar: Russia/Ukraine: An Update to be Held in NYC on February 11, 2015. Click Here to Register

January 29, 2015
EMTA Forum in Dubai to be Held on March 17, 2015. Click Here to Register

Fitch Upgrades Paraguay’s Long-Term Foreign-Currency Issuer Default Rating from BB- to BB. 

January 27, 2015
The Foreign Exchange Committee today released the results of its twenty-first Survey of North American Foreign Exchange Volumes.
The press release can be found on the Foreign Exchange Committee's website at
The survey, together with the list of reporting dealers and explanatory notes, are available online at

January 26, 2015
Standard & Poor’s Downgrades Russia’s Foreign-Currency Sovereign Rating from BBB- to BB+.

U.S. Economic Sanctions: United States Eases Elements of Cuban Embargo; New Regulations Issued by U.S. Treasury and Commerce Departments Implement Cuban Policy Changes Announced in December - Sullivan & Cromwell Memorandum.

Revised Cuba Regulations – Cleary Gottlieb Steen & Hamilton Memorandum.

Market Acceptance of ICMA’s New Sovereign Debt Contract Reforms: Joint meeting of the Institute of International Finance, EMTA and ICMA in London on February 5, 2015. 

January 23, 2015
Moody's Upgrades Slovenia’s Government Bond Rating from Ba1 to Baa3.

January 22, 2015
Moody’s Comment on Cuba (Rated Caa2).

January 16, 2015
Moody's Downgrades Russia's Government Bond Rating from Baa2 to Baa3.

January 15, 2015
EMTA Winter Forum in London to be Held on February 17, 2015. Click Here to Register.

January 13, 2015
Moody’s Downgrades Venezuela’s Government Bond Rating from Caa1 to Caa3.

January 9, 2015
Fitch Downgrades Russia's Long-Term Foreign Currency Issuer Default Ratings from BBB to BBB-.

January 7, 2015
Holiday Schedule for EM Bond Trades for Martin Luther King, Jr. Holiday. 

January 5, 2015
Revised 2015 Holiday Schedule. 

Current | 2014 | 201320122011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000