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29.04.2016 00:47:00
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Moody's: Mexico's A3 rating underpinned by structural reforms, fiscal challenges undermine outlook
New York, April 28, 2016 -- A large and diverse economy, a high degree of integration with the US, as well as anticipated growth prospects associated with structural reforms support the Government of Mexico's A3 rating, Moody's Investors Service says in an analysis of the sovereign. However, the outlook was revised to negative from stable in March and downward pressure to the rating could occur from stalled fiscal consolidation and the potential crystallization of contingent liabilities via further support to Petroleos Mexicanos (PEMEX, Baa3 negative).
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