S&P cuts councils' credit ratings - will their borrowing costs rise?

Due to the strong revenue performance of the State of Nuevo León and the decline in the level of its debt, S&P Global Ratings raised its rating on the entity to ‘mxA’ and said the outlook is stable.“Despite the high levels of uncertainty about the economic impact of tariffs on trade and investment in the economy of the State of Nuevo León, its efficient revenue and expenditure control measures over the past three years support a structural impro…

S&P cuts councils' credit ratings - will their borrowing costs rise?

S&P Global Ratings has downgraded the credit ratings of 18 of the country’s local councils, and three council-controlled organisations (CCOs). The credit...