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Fitch rates Mexico bond BBB-
Fitch Ratings said it assigned a BBB- rating to Mexico's €1.25 billion of 2¼% senior unsecured bonds maturing Aug. 12, 2036.
“The bond rating is in line with Mexico's long-term foreign-currency issuer default rating (IDR) of BBB-,” Fitch said in a press release.
Mexico intends to use budgetary resources equal to the proceeds to fund budgetary programs that qualify as eligible sustainable development goals expenditures under the SDG sovereign bond framework.
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