Investors take Mexico downgrade in stride

Investors take Mexico downgrade in stride

Corporate & Sovereign Strategy Moody's Investors Service Downgrade Bonds Debt Fixed Income Capital Markets Mexico Electricity Oil

International investors have said they expected Moody's to downgrade Mexico last week, adding that the sovereign issuer's ratings had been on negative watch for more than two years. "It just brings the Moody's rating in line with other rating agencies," said Carlos de Sousa, an emerging markets strategist and portfolio manager at Swiss investment management group Vontobel. "I don't think the Mexican government cares about it since its investment grade credit rating is not under threat at all," h

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