NEW YORK (Standard&Poor's CreditWire) Sept. 15, 1999--Standard&Poor's today affirmed its double-'B' rating on the United Mexican States' US$53 billion of long-term senior unsecured foreign currency debt and its triple-'B'-plus/'A-2' ratings on Mexico's Ps340 billion of long- and short-term peso-denominated debt. Additionally, Standard&Poor's affirmed its double-'B' long-term and single-'B' short-term foreign currency and its triple-'B'-plus long-term and 'A-2' short-term local currency sovereign credit ratings on the Republic. The outlook on the foreign currency rating is revised to positive from stable. The outlook on the local currency rating remains stable. The positive outlook reflects the growing resilience of Mexico's economy to external shocks, as witnessed through the Asian crisis in mid-1997, the Russian crisis in the
