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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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S&P cuts Mexico credit rating on fiscal concerns |
By Carla Mozee
LOS ANGELES (MarketWatch) -- Standard & Poor's on Monday cut Mexico's foreign-currency sovereign credit rating by one notch, saying the country's fiscal challenges will "persist over the coming years," despite recent tax increases and efforts to bolster the country's economic growth prospects. The move had been widely anticipated following negotiations among Mexican lawmakers to finalize the budget for 2010. The foreign-currency sovereign rating was cut to BBB/A-3, from BBB+/A-2, and the local-currency rating was lowered to A/A-1, from A+/A-1. S&P said the downgrades reflect its assessment that Mexico's effort to raise non-oil revenue and improve efficiencies in the economy "will likely be insufficient to compensate for the weakening of its fiscal profile," said S&P credit analyst Lisa Schineller in a statement. The revenue measures approved in the budget should address immediate concerns about fiscal vulnerability to volatile oil revenue, but "the inability to widen the tax base substantially, along with a low likelihood of major tax reform in the next several years, suggest that Mexico's debt profile will remain more in line with that of its 'BBB' peers," wrote Schineller. The outlook for the ratings are stable.
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| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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