Fitch rates Mexico sustainable bond BBB-

Fitch Ratings said it assigned a BBB- rating to Mexico's €2 billion of 4.4899% sustainable notes maturing on May 25, 2032.

“The bond rating is in line with Mexico's BBB- long-term foreign-currency issuer default rating (IDR), which Fitch affirmed on Dec. 7, 2023,” the agency said in a statement.

Mexico plans to allocate an amount equal to the proceeds to eligible expenditures under the SDG sovereign bond framework and included in the 2023 federal budget.

The outlook is stable.

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