EM Corporate Strategy: EMDL 101: Credit Fundamentals – EM corps financial metrics database

Research evidence excerpt

EM Corporate Strategy: EMDL 101: Credit Fundamentals – EM corps financial metrics database

Accessible version

EM Corporate Strategy

EMDL 101: Credit Fundamentals – EM

corps financial metrics database

Second report of a series of methodology review on EMDL 18 May 2026

This is the second report of a series to cover the methodology of GEMs Corporate Credit EM Corporate Strategy

Strategy EMDL files. The goal is to enhance investors’ knowledge about which analyses Global

are available under our EM franchise. This report covers the Credit fundamentals file, a Anne Milne

compilation of EM corporates financial metrics. To access the database, search for Research Analyst

“Credit Fundamentals” in BofA RSCH portal or EMDL > 10 > 11 in Bloomberg. BofAS+1 646 855 4096

anne.milne@bofa.com

Credit fundamentals: EM balance-sheet and income data Bruno Larcher

Our flagship Credit Fundamentals database outlines the historical evolution of 12 key ResearchMerrill LynchAnalyst(Brazil)

financial metrics across EM companies. Data derives from both balance-sheet and +55 11 2188 4010

bruno.larcher@bofa.com

income statements reports. As of 4Q25, the database consolidates quarterly earnings

from 250-300 issuers within ICE BofA EM corporates index (EMCB). Data is updated GEMSBofAS Corporate Credit Rsch

quarterly for Latam issuers and semi-annually for the broader EM universe. Updates are +1 646 855 4096

followed by reports analyzing changes across financial metrics. See BofA Data Analytics. See Team Page for List of Analysts

Unique insights on EM fundamentals and valuation

Apart from historical analysis, the database allows the assessment of corporates’

valuations relative to its underlying fundamentals. It calculates spreads per turn of leverage To access the credit fundamentals