04.06.2015 23:43:00
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Moody's: Increases in federal education funding eases fiscal pressure on Mexican states
Mexico, June 04, 2015 -- Increases in federal funding for education over the next few years will help relieve some of the fiscal pressures on the Mexican states, a positive for credit quality, says Moody's Investors Service in a new report. Because of reforms introduced in 2013, federal funding for education is scheduled to rise 11.4% in 2015. Moody's expects the funding to grow at a more moderate 7% pace in both 2016 and 2017, still ahead of the average 5.3% annual pace over the last five years under the previous funding regime.