S&P praises Mexican reform, maintains positive rating outlook

10/11/2013 | Bloomberg · Market News International

Standard & Poor's said reform of energy and tax law backed by Mexican President Enrique Pena Nieto likely will strengthen the oil industry and reduce revenue volatility. "Tapping into Mexico's vast oil potential would energize investment and growth throughout the economy," the credit rating agency said. S&P affirmed ratings of BBB/A-2 for foreign currency and A-/A-2 for local currency and maintained a positive outlook for them.

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Bloomberg · Market News International

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