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11-25-2009, 02:50 AM #1
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Mexico’s rating drops to triple B
Mexico’s rating drops to triple B
By Adam Thomson in Mexico City
November 24 2009 01:11
Fitch Ratings, the international ratings agency, downgraded Mexico on Monday as concern grows for the country’s medium-term fiscal outlook and growth potential.
The decision, which the administration of President Felipe Calderón had desperately tried to avoid, leaves Latin America’s second biggest economy with a rating of triple B, two notches above non-investment grade, or “junkâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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