Sovereign Rating: What to Expect?

El Financiero

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A couple of days ago, the rating agency Standard & Poor’s reported that it maintained Mexico’s sovereign risk rating in BBB, but changed the outlook to negative, implying an important probability that it would lower the rating in the next two years. With this, the situation from the point of view of the world’s top three qualifiers is as follows: Fitch has the country in BBB-, just a step away from losing the investment grade. Standard & Poor’s …

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Standard & Poor’s main argument for the change in the negative outlook on the “BBB” rating of Mexican sovereign debt is based on a premise: Mexico has seven years without growth and without growth there is no fiscal sustainability