Morgan Stanley elevates risk profile for Mexico in face of judicial reform

Morgan Stanley elevates risk profile for Mexico in face of judicial reform

New York-based investment bank Morgan Stanley has downgraded its investment outlook for Mexico, issuing an “underweight” warning on Mexican shares due to concern over the federal government’s proposed judicial reform. In a “Latin America Model Portfolio” report published on Tuesday, the bank said it was downgrading Mexico to underweight “following the judicial reform proposal the executive sent to Congress.” La reforma al Poder Judicial lleva a…