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Mexico.- Mexico’s risk rating reached 194 points last Friday, 30 points under the previous rating and the first drop after four weeks in a row going up, the Ministry of the Treasury (SHCP) informed.
According to SHCP, last June 8 Mexico’s risk rating, measured through J. P. Morgan’s Emerging Markets Bonds Index (EMBI+) was seven points above end of 2011 rating.
In its weekly report, SHCP pointed-out that Argentina’s and Brazil’s risk rating went down 82 and 29 base points respectively in the last week.
On this issue, BBVA Research commented that there was a drop in global aversion to risk last week after the declarations from the European Central Bank saying they are prepared to act if growth perspectives in the region deteriorate.