Moody's affirms Mexico's "Baa1" credit rating

NEW YORK Aug 5 (Reuters) - Moody's Investors Service affirmed Mexico's investment grade sovereign foreign credit rating of "Baa1" on Wednesday, citing a supportive economic framework of continued fiscal discipline.

The rating has a stable outlook, the firm said in a statement, adding that the country, which has been hit hard by the U.S. economic downturn, still demonstrates an ability to access capital markets and has a "robust government debt profile."

"Combined, these factors offset concerns derived from weak potential growth and the government's narrow revenue base," said Mauro Leos, sovereign credit analyst at Moody's.

"On a global basis, Mexico's credit ratings appropriately reflect the country's standing in terms of economic resiliency and financial robustness relative to similarly rated sovereigns."

Mexico is rated "BBB-plus" by both Standard & Poor's and Fitch Ratings, on par with Moody's rating which stands three notches above junk status. (Reporting by Daniel Bases, Manuela Badawy and Caryn Trokie, Editing by Chizu Nomiyama)