Embracing the Mexican wave
The first in a series of RSM blogs on the MINT economies looks at Mexico where collaboration, investment and entrepreneurialism are reaping rewards.
I was recently reminded of the saying by American entrepreneur Jim Rohn, that “for every disciplined effort there is a multiple reward.” On 5th February, the rankings agency Moody’s upgraded Mexico’s sovereign debt, giving it an A-grade rating for the first time in history. In an article in the Financial Times, this promotion to A3 from Baa1 was said to be motivated by reforms taken by President Enrique Peña Nieto that were expected to “strengthen the country’s potential growth prospects and fiscal fundamentals”. In this it appears, Mexico is starting to prove Rohn’s point.