With regards to Hong Kong, S & AMP; P's said its banks earnings and assets quality are likely to come under pressure given the rapid loan growth during 1996 to 1997 and the erosion of the net external credit position of the financial sector.
22.
For the Mexican government, the cetes-linked notes were " a good instrument " that achieved a lower cost than Mexico would have had to pay to sell domestic debt, said an official at the Ministry of Finance's office of external credit in Mexico City.
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