NEW YORK, March 12 (Reuters) – Standard & Poor’s on Tuesday
revised its sovereign foreign currency credit outlook on Mexico
to positive from stable, citing government efforts to implement
fiscal and economic reforms.
The current rating is BBB, S&P said in a statement.
“The positive outlook reflects a greater than one-in-three
chance that the government will successfully advance policies to
further strengthen Mexico’s fiscal room for maneuver and
medium-term growth prospects – two key rating constraints,” said
Lisa Schineller, sovereign credit analyst at S&P.
NEW YORK, March 6 (Reuters) – Venezuelan debt prices fell on
Wednesday as investors, who bid up prices in the months before
President Hugo Chavez’s death on Tuesday, took advantage of
early buying to sell into the rally, knocking benchmark bonds
The country’s 2027 sovereign U.S. dollar-denominated Global
bonds were bid down 2.10 points in price, lifting
their yield to 9.168 percent, according to Reuters data.
NEW YORK, March 5 (Reuters) – The drawn-out decline of
cancer-stricken Venezuelan President Hugo Chavez spurred buying
of the country’s high-yielding debt over many months and his
death on Tuesday will likely cause prices to rally a little
more, investors and analysts said.
Investors foresee increasing potential for Venezuela to move
back toward market oriented economic policies and away from
Chavez’s socialist “Bolivarian revolution.”