MEXICO CITY Feb 5 Mexico became only the second
country in Latin America to earn a coveted "A" grade sovereign
rating as Moody's upgraded it on Wednesday, citing a raft of
econmomic reforms that President Enrique Pena Nieto has pushed
Mexico's peso and leading share index
both turned positive after the upgrade, which should help lower
the country's borrowing costs.
Moody's upgraded Mexico's sovereign rating outlook to A3
from Baa1 with a stable outlook. Until now, Chile was the only
country in Latin American country with an A rating.