US EditionMoody's Ratings Sees Violence as a "Structural Restriction" for Mexico's Economy
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"Illegal economic activity" also weakens institutions through corruption, the agency warned.
• The qualifier anticipates limited macroeconomic effects despite the violence targeted after the operation.• It points out that insecurity is a structural restriction for Mexico's growth and credit profile.• Government management will be key to the review of the T-MEC and the World Cup of 2026. Nemesio Oseguera Cervantes, alias “El Mencho”, leader of the Jalisco Nueva Generación Cartel (CJNG), would not have significant economic repercussions i…
Reading time approx.: 1 minutes, 57 secondsThe credit risk agency considers in a special report that the downfall of the leader of the CJNG puts the center of public security as a key social risk for Mexico, in addition to being a structural restriction for growth. Moody ́s Ratings said on Friday that the downfall of the leader of the Jalisco Nueva Generación Cartel (CJNG) Nemesio Rubén Oseguera by the federal armed forces will bring limited neg…
Mexico City, Mexico. The agency Moody's Ratings pointed out this Friday economic risks for Mexico after the death, last Sunday, in a military operation of the leader of the Jalisco Nueva Generación Cartel (CJNG) Nemesio Oseguera Cervantes, known as 'El Mencho', because insecurity limits growth. Moody's alerts about economic risks and security in Mexico In a report, the agency pointed out that "security is a key social risk" for Mexico and a "str…
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