S&P affirms Mexico's credit score rankings

The Mexican peso is displaying much more persistence with Trump’s election the second time round. Maybe that is as a result of Trump’s rhetoric the primary time did not lead to any huge modifications, or maybe it is as a result of Mexico has already pledged to work on the border and medicines. There’s actually a future the place Mexico retains privileged entry to the US whereas Trump fights tariff wars elsewhere.

In any case, S&P had this to say at this time:

• Affirms BBB international forex bonds and BBB+ for long-currency bonds, steady outlook
• Says Mexico is more likely to be pragmatic in negotiations with US
• Secure outlook displays expectations of prudent financial coverage and a return to low fiscal deficits

This text was written by Adam Button at www.ubaidahsan.com.



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