Mexico earns upgrade, outlook could support bonds

Arrow Graph by Flickr user nDevilTV http://farm4.static.flickr.com/3401/3491395689_fe1d2050fb.jpgReuters, 12/20/2013

Mexico earned a higher debt rating from Standard & Poor’s on Thursday and expectations of more upgrades to come could help support Mexican assets in the coming months even as the government borrows more.

Standard & Poor’s raised its main credit rating for Mexico by one notch in the latest sign of growing confidence in this month’s move by the government to open the state-run energy sector to private investment.

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