S&P upgrades Mexico sovereign credit rating to BBB-plus

NEW YORK Thu Dec 19, 2013 5:05pm EST

reuters.com

NEW YORK Dec 19 (Reuters) - Standard & Poor's on Thursday raised its sovereign long-term foreign currency credit rating for Mexico to BBB-plus from BBB, moving it higher into investment-grade territory.
The credit outlook on the sovereign is stable following the upgrade. S&P's decision brings it in line with both Moody's Investors Service's Baa1 rating with a stable outlook and Fitch Ratings' BBB-plus with a stable outlook.