S&P: Telecom Sector Opening Could Help Mexico Rating

Wall Street Journal, 2/10/2010

Standard & Poor’s said Wednesday that steps by Mexico to open its telecommunications industry to greater competition could benefit the country’s sovereign credit rating.

“We are in a process of opening the telecommunications sector and this could one day have an impact on the rating. The telecommunications sector has an impact on all sectors in the economy,” S&P sovereign credit analyst Joydeep Mukherji said at a press conference in Mexico City.

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