ECR: Which way next for Mexico?
|LatAm safe-haven ranking||2nd|
|Euromoney Country Risk score||62.11|
|Three-year score change||3.42|
|Implied default probability (1-year %)||0.12|
Mexico has continued to find favour among risk experts in recent years and the country’s image as an investment destination is much improved, particularly since its risk rating surpassed Brazil’s last year. On a score of 62 points and lying 37th on Euromoney’s global risk rankings, the sovereign is closing in on tier-2 status, pointing to a future upgrade of its triple-B credit rating. At the heart of Mexico’s improving risk profile is a more stable and consensus-seeking political approach that is encouraging risk experts to raise their scores for government stability, as well as the regulatory and policymaking environment under the presidency of Enrique Peña Nieta, who has been working congenially with opposition parties to pass legislation since 2012.