Mexico was upgraded to investment grade quality by Moody's last week sparking a rally in its governm...
Mexico was upgraded to investment grade quality by Moody's last week sparking a rally in its government paper. Standard & Poor's has yet to adjust its own credit rating of Mexico, but the promotion to Baa3 quality by Moody's means that Mexico will now be included in government debt indices for Salomon Smith Barney and Lehman Brothers. Funds which track these indices will now have to invest in Mexican debt. Paul Murray John, fund manager at Scudder Threadneedle, says: "Mexico has progressed along the classic reform path which investors like to see. Everything has fallen into place - moneta...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
