This is for those trading the MXN, the ;latest from Standard and poors
(I'm not sure anyone cares too much about this stuff .... isn't MXN all about the tweeting bricklayer and his wall?)
- S&P revises Mexico sovereign credit outlook up to stable from negative; current rating is BBB+
- Outlook on Mexico revised to stable from negative on improved debt prospects; 'BBB+/A-2' ratings affirmed
- Expect Mexico's general government debt burden will hover around 45% of GDP this year and next and remain below 50% for the next two years
- Expect Mexico's external liquidity profile will remain stable in the coming three years
- Expect government's underling fiscal balance to improve in 2017 and remain stable in 2018
- Project that Mexico's general government debt will rise by just over 3% of GDP annually on average in the next three years
- Projections assume a stable level of nonresident holdings of Mexico's central government debt
- Revising outlook on Mexico, reflecting diminishing risk that direct debt burden could materially worsen overall debt assessment over next 24 months
