Business Services Industry
Standard & Poor's forecasts slight volatility in Mexico this year.
Internet Securities, February, 2005
MEXICO CITY, Feb 18, 2004 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Mexican economy will face slight volatility in the exchange rate and interest rates through the end of 2005 due to political reasons, said Eduardo Uribe, director of Ratings at Standard & Poor's in Mexico.Uribe said that that volatility has already been considered in the rating of Mexico and its companies. "Economic variables are likely to show volatility through the end of the year and interest rates are also likely to increase a little, as will the exchange rate, a situation that will affect companies," he said.Uribe said that the increases are not expected to be so significant as to undermine the capacity to generate cash and pay debt, which is what S&P rates. He added...
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