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Dagong Maintains the Sovereign Credit Ratings of Mexico at BBB with Stable Outlook

Dagong Global Credit Rating Co., Ltd. (thereafter referred to as “Dagong”) has decided to maintain both local and foreign currency sovereign credit ratings of the United Mexican States (thereafter referred to as "Mexico") at BBB, each with a stable outlook. Growing political and policy uncertainty put debt repayment environment under pressure, but improved external conditions help Mexican economy grow moderately. Given ongoing fiscal consolidation, the government's fiscal deficit and debt scale are both under control. That, coupled with sufficient foreign exchange reserves, renders government solvency in local and foreign currency stable. [...]