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S&P affirms Campeche
Standard & Poor's said it affirmed its A(mx) national-scale rating on the State of Campeche, United Mexican States. The outlook is stable.
S&P noted Campeche's rating is supported by a solid budgetary performance, adequate management and policies and an absence of direct debt.
The agency noted the rating is constrained by an economy concentrated in the oil and gas sector as well as limited financial flexibility.
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