The markets were wrong in the first place to worry about inflation, ... will not let inflation run out of control.

Higher inflation will mean weaker consumer demand and that will keep core inflation under control.

When prices are stable, people can hold money for transactions and other purposes without having to worry that inflation will eat away at the real value of their money balances.

[For Mexican companies, the upgrade] makes it more likely that they will invest, and makes their profitability higher, creating a more competitive and strong corporate sector. That's not something that's a five-day wonder --- it's a long-term factor, ... This market is going to go quite a bit higher.

Interest rates have come down a long way and probably will go down further, ... is managing the peso very well ... and you're clearly getting a quite decent economic recovery now.

Many Mexican companies have adapted to softer demand by cutting costs and this will be extremely positive for margins once demand picks up in the second half, as we expect.