12 Articles
12 Articles
In this regard, the Ministry of Finance stated that only last year, Mexico made a fiscal adjustment of 1.3 points of GDP, the largest since 1990.
The Secretariat reported that the long-term note fell from BBB+, although the country retains the level of investment
"The combination of these two factors will continue to push the expected level of indebtedness for Mexico," the agency said in announcing its decision
The rating agency maintained the stable perspective of the sovereign note.
The qualifier reduced BBB+’s long-term rating to BBB, although it maintained short-term debt in HR3 with a stable perspective, Treasury reported. HR Ratings’ entry reduces Mexico’s sovereign rating; Treasury defends financial stability aparece primero en Indice Político Noticias México, Opinión, Internacional.
Fiscal deficit and low growth motivate the HR Ratings reduction reduced Mexico’s long-term credit rating from HR BBB+ (G) to HR BBB (G), due to the deterioration of public finances and lower prospects for economic growth. The qualifier maintained a stable outlook and confirmed the short-term rating [...] The post HR Ratings lowers Mexico’s credit rating due to debt, fiscal pressure and support for Pemex first appeared on Serpientes and Escaleras.
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