OTHER NEWS - Nov. 14, 1991
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Mexican Bond Prices Fall: The price of Mexico’s debt fell when a top rating agency raised fears about the country’s ability to pay long-term foreign creditors. Standard & Poor’s Corp. said Mexico’s ability to repay was “only adequate, with minimal protection likely during unfavorable circumstances.” Traders said the debt selling was moderate in volume and limited to Mexico’s discount bonds. The bonds were bid at 78.75% of face value in early afternoon trading. One trader said Mexico’s bonds were under pressure before the S&P; report came because of offers by a large bank.
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