Moody's lifts Guerrero outlook to positive

Moody's de Mexico said it changed the outlook on the State of Guerrero's A2.mx issuer rating to positive from stable.

Moody's Investors Service said it changed the outlook on Guerrero's Ba2 issuer rating (global-scale, local currency) to positive from stable.

The outlook change reflects the strengthening of governance and management practices, which have supported 1) the recording of roughly balanced fiscal results in recent years, despite the impact of the 2009 economic slowdown, 2) a stable, and low, debt burden and 3) the maintenance of robust liquidity levels, the agency said.

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