MercoPress. South Atlantic News Agency

Mexico and Brazil risk ratings down, Argentina's climbing

Mexico and Brazil risk ratings dropped six and nine points respectively while Argentina's climbed ten, according to the EMBI index from the US JP Morgan bank reported on Monday the Mexican Finance ministry.

On July 25th, Mexico's rating stood at 165 points, Argentina's at 609 and Brazil's at 217, according to the report. The risk rate is an indicator used to assess the economic stability of a country and its capacity to accomplish financial obligations. The percentage number is the difference in quotation between the sovereign debt instruments issued by different countries and those of the US Treasury measured in hundredths of percentage point. The EMBI index from JP Morgan shows the evolution of yields from those debt instruments which are traded in international markets, issued by 19 emerging countries.