NEW YORK, Dec 19 (Reuters) – Standard & Poor’s on Thursday
raised its sovereign long-term foreign currency credit rating
for Mexico to BBB-plus from BBB, moving it higher into
investment-grade territory after a series of economic reforms
lifts the nation’s economic prospects.
“The passage of a landmark energy reform, supported by some
changes in the fiscal framework, bolsters Mexico’s growth
prospects and fiscal flexibility in the medium term,” S&P said
in a statement.
NEW YORK, Dec 19 (Reuters) – Fitch Ratings on Thursday
revised down the sovereign foreign currency long-term credit
rating for Lebanon to negative from stable citing increased
political risks, deteriorating public debt dynamics and weak
economic growth prospects.
The credit rating was affirmed at B, five notches below
investment grade, Fitch said in a statement.
NEW YORK, Dec 18 (Reuters) – Trading volumes of emerging
market debt dropped in the third quarter to $1.266 trillion, a
20 percent decline from the prior quarter as issuers pulled back
from selling bonds while uncertainty over U.S. monetary policy
Trading activity, however, declined only 2 percent from the
same period in 2012, EMTA, the trade association for the
emerging markets debt trading industry, said in a statement on
Moderated Panel at #capitallink #greece conference. Straw poll on #fed taper: vast majority of 200 people in the room expect March #taper
LONDON/NEW YORK (Reuters) – Global manufacturing and business activity expanded in December, as euro zone businesses ended the year on a high thanks to a surge in new orders, though the rate of manufacturing growth slowed in the United States and China.
U.S. manufacturing activity growth dipped a bit in December from a 10-month high, according to Markit, though other U.S. figures released Monday, including data on industrial production, pointed to increased strength in the world’s largest economy.