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S&P Lowers Mexico

Dec 15, 2009

S&P has lowered Mexico’s debt rating to BBB from BBB+, with a stable outlook, becoming the second agency to cut the sovereign within the past month. “The downgrade reflects our assessment that Mexico's recent steps to raise non-oil revenues and improve efficiencies in the economy will...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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