Moody's have changed its outlook on Mexico's ratings to stable from negative (Moody's latest, the headlines via Reuters)
- The agency has affirmed the A3 rating on the country
- Affirmed Mexico's foreign currency and local currency issuer ratings
- Foreign and local currency senior unsecured ratings at A3
Moody's cites:
- outlook change driven by structural reforms adopted since 2013 that have increased Mexican economy's resilience to shocks
- risk to failure to NAFTA has not been eliminated completely, but has materially receded
