Mexico’s country risk worsens for third straight week

According to the El Economista on 6 November 2016, Mexico's country risk did not improve during the week of 31 October 2016. Mexico closed on 4 November with 224 base points, which was thirteen units more than the prior week. As a result, Mexico underwent the third consecutive week with worse risk based on the results of the EMBI+ index from J.P. Morgan. Yet, Mexico’s risk index is relatively stable since the end of 2015 and has only lost 23 points since 1 June chiefly due to investor confidence. It remains to be seen if the ranking continues to worsen in the days ahead, as Mexican officials such as Economic Secretary worry over economic volatility following the United States presidential election on 8 November (El Universal, 4 November 2016).