A $3 billion line of credit being arranged for the Mexican government by Citicorp and J.P. Morgan & Co. met with sharp criticism in the financial markets this week.

As critics raised the specter of another foreign debt crisis in the making, several bankers who are often involved in syndicated bank credits declined to be interviewed, saying they want to avoid any public association with the deal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.