Too Much, Too Soon?

June 2007 | Ratings Update

While Mexico's political outlook has undoubtedly improved under the tenure of President Felipe Calderón and the ruling Partido Acción Nacional, the prospects for future reform and policy enactment still rely heavily on co-operation with the Partido Revolucionario Institucional (PRI) - an alliance that is by no means assured, in our view, given the divisions within the PRI. There is a risk that the president may try to overreach with his fiscal reform package (or even try to drive through energy reform), which could damage the relationship between both parties. However, on the evidence thus far, we believe that Calderón will

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