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May 31, 1998

Red light, green light

It's stop and go for Mexico

For several short, giddy years earlier this decade, Mexico held Wall Street in thrall. Led by the intense IR efforts of flagship Telmex, Mexico's issuers basked in a collective passion for all things emergent. DR issuance flourished, the bolsa climbed, media and analyst coverage took a quantum leap. The tale of a misguided portfolio manager's desperation for information on a company known only by the name 'Grupo' is legendary within New York's IR consultant circles. As families and governments

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