...July 17, 2023 NEW YORK (S&P Global Ratings) July 17, 2023--S&P Global Ratings assigned its '###+' debt rating to Mexico's 8% peso-denominated "development bond" due May 2035. The amount of the bond has yet to be determined. "Development bonds" align with the government's environmental, social, and governance agenda. Mexico plans to allocate funds equal to the proceeds from the sale of the notes toward programs in this year's budget that meet the eligibility criteria outlined in its Sustainable Development Goals (SDG) Sovereign Bond Framework. This framework incorporates 17 SDGs--such as lowering inequality; mitigating climate change; and strengthening peace, justice, and institutions--into Mexico's national planning and budgetary and fiscal policies. These programs align with Mexico's commitment to sustainable development. Mexico's '###' foreign currency and '###+' local currency sovereign credit ratings incorporate its solid external position and track record of predictable, cautious fiscal...
