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Economy & Business - October 2009 (ISSN 1741-7430)

Investors start to fret

Investors in Mexican bonds are beginning to fret that the country's credit rating will be downgraded. International credit rating agencies such as Moody's  and Standard & Poor's are muttering that the (to our mind insignificant) changes made by congress to the budget risk creating unsustainable fiscal deficits. We think that the big problem facing Mexico is far more intractable: the collapse of oil production.

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