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21.04.2015 20:49:00
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Moody's: Steep federal budget cuts in Mexico unlikely to strain corporate sectors
New York, April 21, 2015 -- The steep budget cuts Mexico's federal government have proposed in response to weak oil prices and the strong dollar pose limited risk to corporates' credit metrics, says Moody's Investors Service. The cuts will mostly hit infrastructure, but the sectors most affected--homebuilding, construction, building materials--are well positioned to absorb them.
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