OREANDA-NEWS. December 16, 2015.  The credit quality for Mexican corporates rated by Fitch Ratings on an international scale is expected to remain stable as macroeconomic conditions are improving at a moderate pace, according to Fitch Ratings 2016 outlook report for Mexican corporates.

Fitch expects better economic growth prospects for Mexico in 2016. Low unemployment and inflation, higher remittances and a recovery in consumer confidence in the past three months should support a moderate expansion in consumer demand for goods and services. Sectors tied to domestic demand in the consumer and industrial sectors should benefit from this recovery.

However, Fitch believes corporates in the oil and gas sector, chemicals and construction are the most exposed to negative rating actions due to a decline in commodity prices and government spending. In addition, Fitch believes FX risks will remain a concern in the short to medium term for corporates that generate most of their cash flow in local currency and have not hedged their exposure.

The full outlook report is available on the Fitch web site at 'www.fitchratings.com'.