(Bloomberg) -- Mexico's bonds and the peso rose
after Standard & Poor's this week raised the country's credit
rating outlook, citing prospects legislators will approve a bill
to boost the country's tax collection.
The yield on the 30-year maturity denominated in pesos fell
for a third day as S&P lifted the outlook to positive from
stable. President Felipe Calderon's success in getting the
opposition-controlled congress to pass a bill in March to cut
government spending on pensions raised expectations he'll garner
support for the tax proposal, S&P said.
Read more at Bloomberg Currencies News
after Standard & Poor's this week raised the country's credit
rating outlook, citing prospects legislators will approve a bill
to boost the country's tax collection.
The yield on the 30-year maturity denominated in pesos fell
for a third day as S&P lifted the outlook to positive from
stable. President Felipe Calderon's success in getting the
opposition-controlled congress to pass a bill in March to cut
government spending on pensions raised expectations he'll garner
support for the tax proposal, S&P said.
Read more at Bloomberg Currencies News
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