DBRS Confirms Mexico at BBB (high), Stable Trend

Today DBRS has confirmed Mexico’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (high) and Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low). The trend on all ratings is Stable. The rating confirmation reflects gradual improvement in Mexico’s credit fundamentals in the context of rising economic and political risks. The Mexican economy has performed well despite a series of negative shocks. Market reforms passed early in the Peña Nieto administration are starting to have a positive impact on growth. The fiscal consolidation plan is also advancing on schedule and underpinned by structural measures. However, uncertainty over the outcome of NAFTA negotiations and Mexico’s 2018 general elections present downside risks to the economic outlook

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