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United Mexican States Jun 04
Standard & Poors, June 2004
The ratings on the United Mexican States are supported by its: Track record of macroeconomic stability and growing economic integration with the U.S. market. Mexico has sustained investor confidence despite the government's failure to legislate structural reforms and tepid economic growth in the past three years. The government has been able to contain the public-sector deficit at about 3% of GDP, partly by resisting pressure to increase spending. Growing integration between Mexico's industrial sector and the U.S. market should facilitate a sustainable economic recovery in the coming years. Improved financial stability. The Bank of Mexico's growing credibility in targeting inflation, which fell to less than 4% in 2003 (the lowest rate in 34 years), augurs well for monetary flexibility. Low...
Companies mentioned in this report are: United Mexican States,Banco Nacional de Comercio Exterior, S.N.C. (Bancomext),Petroleos Mexicanos (PEMEX),Banco Nacional de Obras y Servicios Publicos, S.N.C.,Kot Insurance Company A.G.,Pemex Project Funding Master Trust,Sociedad Hipotecaria Federal, S.N.C.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
United Mexican States,Banco Nacional de Comercio Exterior, S.N.C. (Bancomext),Petroleos Mexicanos (PEMEX),Banco Nacional de Obras y Servicios Publicos, S.N.C.,Kot Insurance Company A.G.,Pemex Project Funding Master Trust,Sociedad Hipotecaria Federal, S.N.C.