U.S. credit companies set sights on South America and Asia for new opportunities

South American and Asian markets hold promise for future enterprises in the credit industry as opportunities for credit experts fade in the U.S.
Asset-backed security companies have had their share of stressors since the recession, but growth in countries like Brazil, China and India is offering prospects for future business.
"Over time you'll need more people in emerging markets and more people evaluating the local opportunities in those countries including China, Brazil and India," said Mark Kiesel, head global credit research analyst for Pacific Investment Management Co. "These are growing countries that are increasing their influence in the markets. They will have a lot more companies coming to market, and you're going to need people to do the bottom-up credit work for those countries."
Kiesel said that as younger businesses grow in these countries, more credit companies will be needed to support the infrastructure changes.

Source: Reuters

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