Since the plunge in oil prices in late 2014 and early 2015, petroleum exporting countries such as Iran, Russia and Venezuela have struggled with ballooning budget deficits, weakening currencies and the spectre of social unrest.
The picture is far brighter in Mexico. Despite being a major oil exporter – in 2013, oil industry earnings accounted for 32% of government revenues – Mexico remains a darling of emerging market investors. The country has held onto its long-term local currency rating of A
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data