Business Services Industry
Mexico registers improvements in performance of sovereign debt instruments.
Internet Securities, July, 2003
MEXICO CITY, Jul 7, 2003 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The sovereign risk in Mexico, measured through the EMBI index determined by J.P. Morgan, closed at 249 basis points (bp) on July 3, 18 bp above the level registered in June 27 2003, reported the Treasury Secretariat (SHCP).In its weekly report, the SHCP said that the EMBI index shows the evolution of external debt instruments issued by 19 emerging countries in the international markets.The variations registered by the index reflect the changes in instruments' values in the financial market and are not subject to a unilateral appreciation by J.P. Morgan about any country in particular, reported the Treasury.The SHCP stressed that public finances had a surplus of 69.1 billion...
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