DBRS confirms Mexico

DBRS said it confirmed Mexico's long-term foreign-currency securities at BBB and long-term local-currency securities at BBB (high).

The stable trend was maintained.

The ratings reflect Mexico's proven track record of decisive and predictable macroeconomic management, which has provided resilience during the international financial crisis, DBRS said.

The ratings are underpinned by Mexico's strong policy response over the past four years in the form of well-managed public finances with moderate debt ratios, the agency said.

The ratings are constrained by relatively low GDP growth prospects, limited fiscal flexibility due to reliance on oil revenues and structural weaknesses that dampen economic activity, DBRS said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.