HALISTER1: S&P Mexico Outlook Change to Keep Appetite Strong: Banorte-Ixe

S&P Mexico Outlook Change to Keep Appetite Strong: Banorte-Ixe

(Bloomberg) -- Tuesday’s decision by ratings firm S&P Global Ratings to lift Mexico’s outlook to stable from negative erases the country’s risk of losing its BBB+ investment grade, keeping appetite from funds with an investment-grade mandate for the country’s assets strong, according to Alejandro Padilla, Banorte-Ixe FX and rates strategist.
  • Many Mexican risks have begun to dissipate and markets are bullish on the country, but they should enter "wait-and-see" mode in the months leading up to the July 2018 presidential election
  • Ratings firms are seeing geopolitical risks contained
To contact the reporter on this story: Isabella Cota in Mexico City at icota@bloomberg.net To contact the editors responsible for this story: Rita Nazareth at rnazareth@bloomberg.net Christiana Sciaudone

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Alejandro Padilla (Casa de Bolsa Banorte Ixe SA de CV)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283