S&P affirms Puebla

Standard & Poor's said it affirmed the mxA+ national scale rating on the state of Puebla, United Mexican States.

The outlook remains stable.

S&P said the rating is supported by Puebla's consistent economic growth over the past few years, relatively diversified economy and adequate administrative practices.

The rating is constrained by limited financial flexibility and a pension system that could pressure the state's finances over the medium term, the agency said.

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