Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Michoacán > News item |
S&P raises Michoacán rating
Standard & Poor's said it raised its national scale rating on the State of Michoacán, United Mexican States, to mxA+ from mxA.
The outlook remains stable.
S&P said the upgrade reflects the improvement in the state's budgetary performance over the last year, with an operating balance that reached 11% of operating revenue in December 2004, and efficient control of operating expenditure growth. As of May 2005, the state had continued to manage its budget adequately.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.