Tlalnepantla’s OPDM downgraded
- From: Vol 6, Issue 4 (April 2005)
- Category: General
- Region: Americas
- Country:
- Related Companies: Dexia and Standard & Poor’s
The poster child for sub-national lending has been underperforming, but its bonds are still safe.
US-based ratings agency Standard & Poor’s has downgraded Mexico’s Public Decentralised Agency for Water Services (OPDM) in the central municipality of Tlalnepantla – which was the first town hall in Mexico to raise money for a water project on the Mexican stock exchange – for its weak financial performance in recent years. Standard & Poor’s downgraded the Tlalnepantla OPDM because of ...
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