Investment, Beyond the Upgrade

MEXICO - Report 11 Feb 2014 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary Last Wednesday the ratings agency Moody's Investors Service upgraded Mexican sovereign debt from Baa1 to A3. Moody’s also noted its stable outlook on Mexican debt, which the firm said is an indication that it does not foresee any significant changes in its Mexico rating during the next two to three years.Moody’s explained that the upgrade came in response to the structural reforms the country passed last year as well as the impact they can have on the country’s potential growth prospects, and the degree to which they are likely to improve the government’s fiscal fundamenta...

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