Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mexico > News item |
S&P ups Mexico long-term ratings
Standard & Poor's raised its long-term foreign currency sovereign credit rating on the United Mexican States to BBB from BBB- and raised its long-term local currency sovereign credit rating on Mexico to A from A- and its short-term local currency sovereign credit rating to A-1 from A-2.
The short-term foreign currency rating remains A-3.
The outlook on the long-term ratings is stable.
S&P said the upgrade reflects gradually increasing macroeconomic stability attributable to steady improvement in external liquidity and deepening domestic financial markets, resulting in greater resilience to potential negative shocks. An improving debt profile has reduced the risk of volatility in fiscal performance, with interest payments likely to decline gradually to less than 12% of central government revenue in 2005 from nearly 16% in 2001.
© 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.