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S&P affirms Yucatan
Standard & Poor's said it affirmed the mxA national scale rating on the State of Yucatan, United Mexican States.
The outlook remains stable.
The rating is supported by low debt levels, sound management and transparency practices, and adequate budget, the agency said.
The ratings are constrained by Yucatan's wealth distribution and basic infrastructure indicators, limited spending flexibility, below-average modifiable revenue and the need for reform to guarantee the pension system, S&P said.
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