S&P Lifts Mexico's Rating Outlook to Stable on Debt Progress
- Government debt seen below 50% of GDP over next two years
- U.S., Canada, Mexico likely to agree new trade deal, S&P says
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S&P Global Ratings raised its outlook on Mexico’s credit rating to stable from negative, saying it doesn’t expect a material worsening in the nation’s debt levels.
The foreign-currency rating was affirmed at BBB+, S&P said in a statement on Wednesday. The ratings company sees Mexico’s general government debt reaching about 45 percent of gross domestic product this year and in 2018, but remaining below 50 percent over the next two years.