S&P affirms Zacatecas

Standard & Poor's said it affirmed its mxA national scale rating and stable outlook on the State of Zacatecas, United Mexican States.

The rating on Zacatecas is supported by a proven commitment to increase modifiable revenue; an adequate financial performance; and a historically low debt level.

Factors offsetting these credit strengths include a shallow economy; absence of independent financial audits; and a pension reserve insufficient to guarantee long-term financial viability.

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