Fitch Upgrades Mexico

Fitch Upgrades Mexico

Mexico Corporate & Sovereign Strategy

Fitch has upgraded Mexico to BBB+ from BBB, it says, based on continuing macroeconomic improvements and anticipated structural reforms. The agency notes strong macroeconomic fundamentals, including the absence of macro-financial imbalances, as well as consistent adherence to its inflation targeting and flexible exchange rate regimes. Prudent macro-policy settings that have underpinned external and domestic balance, helping Mexico the 3-year GDP growth average reach 4.5% in 2012 despite sluggish

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