A decline in oil-related tax revenue will encourage more prudent fiscal policies in Mexico, which combined with a low debt burden will keep creditworthiness high in the coming years. The government budget deficit, which has widened significantly since 2009, will begin to narrow in 2016.
The Mexican government's amendments to contractual terms will encourage international investment into the country's emerging oil and gas sector. Mexico's shallow water offerings remain highly prospective, supporting our positive production growth outlook.
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