Mexico public finances came under fire from The Economist. The finance ministry called the piece out of date; Fitch has Mexico one notch above junk.
MEXICO · ECONOMY
Key Facts
—What happened: Mexico’s finance ministry rebutted The Economist’s warning about fiscal credibility.
—How big it is: The Economist says Mexico’s 10-year dollar bonds yield about 6.4%, above Guatemala’s.
—What it means: Mexico’s investment-grade rating is safe unless a major shock hits, says The Economist.
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