Mexico's Currency Advances After S&P Lifts Country's Credit Rating Outlook

(Bloomberg) -- Mexico's peso rose after Standard &
Poor's this week raised the country's credit rating outlook,
citing prospects legislators will approve a bill to boost the
country's tax collection.

The peso traded near a two-week high as S&P lifted the
outlook to positive from stable. President Felipe Calderon's
success in getting the opposition-controlled congress to pass a
bill in March to cut government spending on pensions raised
expectations he'll garner support for the tax proposal, S&P
said.


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