INSUBCONTINENT EXCLUSIVE:
(Photo Internet reproduction)The Economist Intelligence Unit notes that market unease following the June 2 elections has complicated the
Market Bond Index Global (EMBIG) and 5-year Credit Default Swaps (CDS) have been trading as if rating agencies had already implemented an
government entities, peaked at 804 points on August 2
government funding costs and is more volatile than agency ratings
unchanged since July 2022
Merino acknowledged a pessimistic outlook, with a review scheduled for the last quarter of the year.Merino emphasized that drastic rating
changes are unlikely without a material shock affecting the credit profile
He noted that even during the pandemic, no abrupt changes were made.Losing investment grade status would require a drastic institutional
The judicial reform is expected to erode checks and balances on executive and legislative powers, potentially impacting contract respect and
a foundation for future stability and growth.
