Quality | 2014.02.25
Fitch: Mexico Reforms Negative But Manageable for Corporate Credit Quality
MONTERREY, Mexico--(BUSINESS WIRE)--Mexico\'s new reforms are expected to be negative but manageable for corporates, despite a diminished potential for upgrades in 2014, according to a new Fitch Ratings report. \'While companies are expected to see a negative impact on cash flow, mainly due to more taxes, in general these initiatives are turning Mexico in the right direction,\' said Sergio Rodriguez, Senior Director at Fitch. \'Tax, energy and telecommunication reform have the most immediate effect
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