OREANDA-NEWS. -20 April 2016: Mexican corporates have benefited in recent years from a well-established, export-oriented manufacturing platform, low unemployment and inflation rates, a recovery in remittances, and stable consumer confidence. Their operating performance is tied to domestic demand in the consumer and industrial sectors, which have recovered recently, according to Fitch Ratings' report, 'Mexican Corporates Credit Index - Well-Positioned to Face Headwinds'.

'Mexican corporates' net leverage will remain solid at current levels, with a slight recovery expected during 2016,' said Alberto Moreno, Senior Director. 'Liquidity is adequate and short-term debt is low for most Mexican corporates. Major risks faced by Mexican corporates are from external forces.'

Of Fitch's corporate ratings in Mexico, 84% have a Stable Outlook, while 9% have a Positive Outlook and 7% Negative. Most of those with a Negative Outlook, along with the latest-12-month downgrades, are associated with mergers and acquisitions (M&A) activity and, to a lesser extent, to operating and competitive environment pressures. For 2016, downgrades are projected to remain balanced with upgrades.