November 1, 2018 |
Mexican president-elect Andrés Manuel López Obrador's decision to honor a referendum effectively nixing the development of the new Mexico City International Airport will likely reverberate in the local capital markets long after the administration takes office on December 1.
What's more, investors expect industries with federal backing to enter the bond market less frequently in the short-term.
Mexico's peso dipped to MXN20.47 against the dollar from MXN20.06 throughout Wednesday's trading after
State-owned credits such as Pemex and CFE could be placed right in the firing line of negative policy decisions