Room to Grow

Room to Grow

Mexico

Change is afoot on the Mexican bourse.Improving standards of corporate governance and increasingly resilient balance sheets over the past five years represent the strongest argument for Mexico when investors compare the country with its emerging market peers. "Companies have been generating so much cash, that they've even been able to reduce debt to a degree where you don't have a potential situation like in the mid 1990s, when interest rates went up and many companies were on the verge of bankruptcy," says Juan Carlos Maussan, director of corporate risk at Mexico City-based brokerage Interacciones. "You wouldn't see that now. If interest rates went up in an adverse environment, ba

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