Down Mexico Way: Oil and Politics South of the Border

Mexico Fiscal Deficit - Source: Bloomberg

By Elliott H Gue KCI Investing In late November Dubai reintroduced world markets to sovereign credit risk when it announced the restructuring of some $26 billion in debt relating to the Dubai World conglomerate. The city-state’s credit default swap spreads (CDS)–a form of insurance against debt default–spiked from less than 300 basis points (3 percent) [...]

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