Mexico 'BBB+/A-2' Foreign Currency Ratings Affirmed; Local Currency Ratings Lowered To 'A-/A-2' On Change In Methodology

RATINGS Foreign Currency: BBB+/Stable/A-2 Local Currency: A-/Stable/A-2 For further details see Ratings List. OVERVIEW On Dec. 18, S&P Global Ratings published its revised sovereign ratings criteria (see "Sovereign Rating Methodology"). Following the new criteria, we are affirming our 'BBB+/A-2' foreign currency long- and short-term sovereign credit ratings on Mexico, and we are lowering our local currency long- and short-term sovereign credit ratings to 'A-/A-2' from 'A/A-1'. The action on the local currency ratings reflects the revisions to our sovereign rating methodology and does not reflect any deterioration of our view of Mexico's sovereign creditworthiness. The stable outlook reflects our expectation of continuity in economic policies in the coming two years, along with fiscal policy that contains the general government debt

... Currency: A-/Stable/A-2 For further details see Ratings List. OVERVIEW + On Dec. 18, S&P Global Ratings published its revised sovereign ratings criteria (see "Sovereign Rating Methodology"). + Following the new criteria, we are affirming our '###+/A-2' foreign currency long- and short-term sovereign credit ratings on Mexico, and we are lowering our local currency long- and short-term sovereign credit ratings to 'A-/A-2' from 'A/A-1'. + The action on the local currency ratings reflects the revisions to our sovereign rating methodology and does not reflect any deterioration of our view of Mexico's sovereign creditworthiness. + The stable outlook reflects our expectation of continuity in economic policies in the coming two years, along with fiscal policy that contains the general government debt burden. RATING ACTION On Dec. 18, 2017, S&P Global Ratings affirmed its '###+/A-2' foreign currency long- and short-term sovereign credit ratings on...

Ratings Action