-- Mexico's fiscal and external positions have deteriorated. -- There is the possibility that the government might not address the issues that limit its fiscal flexibility after this year's Congressional elections. -- We have revised our outlook on Mexico to negative from stable. -- The 'BBB+/A-2' foreign-currency and 'A+/A-1' local-currency ratings on Mexico are affirmed. NEW YORK (Standard&Poor's) May 11, 2009--Standard&Poor's Ratings Services said today that it revised its outlook on the United Mexican States to negative from stable. Standard&Poor's also said that it affirmed its 'BBB+/A-2' foreign-currency and 'A+/A-1' local-currency sovereign credit ratings on Mexico. The 'A+' transfer and convertibility assessment and mxAAA/Stable/-- national scale rating are unchanged. "The revision of the outlook
