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Moody’s defends Mexico rating

By Adam Thomson in Mexico City

Published: March 24 2009 18:58 | Last updated: March 24 2009 18:58

Mexico is not about to become a failed state as a result of escalating drugs-related violence and is in no immediate danger of losing investment grade status, Moody’s Investors Service said on Tuesday.

The ratings agency said: “Despite heightened anxiety about the escalation of violence and organised crime activity, Mexico does not fit the general profile of countries identified as failed states.”

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