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(Adds details of bond market fallout and debt charts)
LONDON, Feb 1 (Reuters) - Ethiopia’s request for debt relief in recent days is likely to put other poor countries also eligible for the G20’s Debt Service Suspension Initiative (DSSI) under bond market pressure, Morgan Stanley analysts said on Monday.
Ethiopia has said it plans to seek a restructuring of its sovereign debt under a new common framework of the G20 group of major economies designed to help with the financial pressures of COVID-19, and is examining all options.
The news pushed its government bonds to their biggest daily fall on Friday amid worries that private sector holders will be forced to take a writedown and also trigger a default in the eyes of the main credit rating agencies.