Sheinbaum ‘Challenge’ S&P for Shifting to Negative Perspective Note From CFE and Pemex: ‘Let’s Turn Them Around’
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President Claudia Sheinbaum criticized the decision of the qualifier Standard & Poor’s to change the perspective of Mexican debt from “stable” to “negative” and assured that the Mexican economy is on the right track, as shown by the parity of the peso against the dollar and the reduction of inflationary pressures. “To this qualifier that makes a negative perspective, because we will turn it around to realize that it was wrong,” she said.
Following S&P Global Ratings' decision to turn Mexico, Pemex and CFE's perspective to negative, Sheinbaum said the country will turn back fiscal warnings.
Reforma
After S&P lowered the perspective of Mxico, Pemex and CFE, Sheinbaum said the economy is going well and that qualifier is wrong.
Term Macario Schettino @macariomx As you know, the S&P qualifier decided to change the perspective of the Mexican debt to negative, although it maintained the rating. The change of perspective implies that it could reduce it by putting the government on the verge of losing the degree of investment. Moody’s, another qualifier, already had us in negative perspective, and I read that it is possible to place us at that level, which is where Fitch a…
S&P Was Wrong, Mexico's Economy Is Fine: Sheinbaum Rejects Negative Perspective - LJA.MX News Mexico
The head of the Mexican Executive added that “within this international circumstance where other countries live fuel shortages, we are developing a strong economy in that circumstance” President Claudia Sheinbaum considered that Mexico’s economy “is fine” and in view of the change from stable to negative perspective in the credit rating of [...] The S&P entry was wrong, Mexico’s economy is fine: Sheinbaum rejects negative perspective aparece pri…
Mexico City, Mexico.- President Claudia Sheinbaum minimized the warnings of Standard & Poor’s (S&P) after the qualifier changed Mexico’s sovereign debt perspective from stable to negative, as well as that of Mexican Petroleums and the Federal Electricity Commission. During the morning conference on May 14, the president defended the country’s economic performance and stated that the international agency’s projections do not reflect Mexico’s fina…
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