Reforms Mean Upgrade for Mexico

Reforms Mean Upgrade for Mexico

Mexico Bonds Corporate & Sovereign Strategy

S&P has raised Mexico’s credit rating to BBB+ from BBB, it says, following the passage of energy reform legislation. “The passage of a landmark energy reform, supported by some changes in the fiscal framework, bolsters Mexico's growth prospects and fiscal flexibility in the medium term,” the agency says. The opening of the country’s oil and electricity sectors has the ability to attract “significant” investment. The lead time needed to realize increased investment in Mexico's oil sector does not

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