Low inflation, tight public spending and a reduction in the vast debts of loss-m...
MEXICO CITY - Low inflation, tight public spending and a reduction in the vast debts of loss-making state oil giant Petroleos Mexicanos have helped spruce up Mexico’s so-called risk profile, which reached its “safest” level in five years this month.
Economic growth has ground to a halt during the first year in office of President Andres Manuel Lopez Obrador, who has repeatedly castigated excessive free market liberalism for ruining Mexico. Analysts expect growth to be weak next year too. The current CDS level, also known as the spread, means that an investor pays about $8,100 annually to insure $1 million in Mexican sovereign debt against default.
The president has vowed to revive Pemex, the world’s most indebted oil company, cutting its financial debt by around $7 billion this year via refinancing operations. Mexico’s 5-year CDS spread level was last week 20 basis points lower than the benchmark CDS Emerging Markets index, made up of 15 developing economies and compiled by data firm Markit. It was Mexico’s lowest risk level since October 2014.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Boeing Starliner successfully lands in New Mexico after aborted mission to International Space StationThe Boeing Starliner spacecraft successfully landed in New Mexico on Sunday morning after a failed mission to the International Space Station.
Weiterlesen »
Lisa Armstrong jets to Mexico for £40,000 Xmas holiday as divorce in deadlockMakeup artist Lisa has reportedly taken her mum and six relatives abroad for their first Christmas without her dad Derek
Weiterlesen »
Carnival Glory is headed back to New Orleans after colliding with another cruise ship in MexicoThe Carnival Glory is expected to arrive at the Port of New Orleans by Sunday morning.
Weiterlesen »
How I Ended Up Living Off the Grid in New MexicoAfter years of living in Brooklyn and Los Angeles, one writer and his partner bought a 1,200 square-foot off-grid cabin in Abiquiu, New Mexico with 40 sandy acres covered with juniper and piñon.
Weiterlesen »
Boeing Starliner successfully lands in New Mexico after aborted mission to International Space StationThe Boeing Starliner spacecraft successfully landed in New Mexico on Sunday morning after a failed mission to the International Space Station. The Starliner spacecraft safely touched down at 7:58am ET at WSMissileRange in New Mexico with a bulleye landing.
Weiterlesen »