With its lightning-fast bond issue in early August, Mexico seized on a hot investment grade bond market and succesfully tapped into taht strong demand.
Category: Regions
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Not Much of a Safe Haven
The Mexican Stock Exchange has performed well this year, beating the US markets. However, its future is in the balance as it struggles to maintain trading volumes and liquidity.
Posted inMagazine
Reinventing Belize
Twenty years after gaining independence from the UK, Belize is struggling to define itself while dealing with mounting debts. It is also trying to diversify its agricultural-based economy.
Posted inMagazine
Living with Headline Risk
Investors are applauding Colombia’s economic team for straightening out the government’s finances. But political uncertainty is rising with the approach of the 2002 elections.
Posted inMagazine
Sovereign Report
Mexico Stands ApartMoody’s Investors Service raised its rating outlook for Mexico to positive from stable last month. It currently rates the sovereign Baa3, the lowest investment grade rating. Standard & […]
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Oil Rich, Cash Poor
Mexico’s state-owned oil company generates billions of dollars in revenues, but cannot afford to invest in its own future. The government is trying to convince Congress to allow private-sector investment in the oil, gas and power industries.
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The Cost of a Strong Peso
The Mexican peso is one of the few currencies to have risen in value against the dollar this year. That is a major psychological boost for Mexico but it’s wreaking havoc on its competitiveness.
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Turning on the Credit Supply
Interest rates and inflation are falling. That should have a positive impact on bank lending and the capital markets.
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A North American Mentality
Free trade with the US has transformed Mexico from a closed an inward-looking economy into one of the most open in the world. Its leading companies are the most adventurous and successful in Latin America.
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Breaking with the Past
President Vicente Fox ended 71 years of rule by the Institutional Revolutionary Party with his election last year, but he has yet fully to break the mold of Mexican politics.