LatinNews Regional Monitor: Mexico - 26 February 2018

* The Mexican state of Quintana Roo has maintained its 'BBB' credit rating from S&P Global Ratings, with a 'stable' outlook, according to a statement released by the state's secretariat for finance & planning (Sefiplan). In its statement Sefiplan notes that this rating reflects the fact that the state’s “fiscal discipline” will enable it to “present a balanced budgetary performance in 2018-2019” and reduce its borrowing for the next two years. The statement adds that Quintana Roo “continues benefiting from an economic dynamism that has exceeded the rate of growth of the national economy” and may see an upgraded credit rating in the next 12 to 18 months.

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