Standard & Poors keeps a negative outlook for Mexico


S&P affirms Mexico sovereign ratings; keeps negative outlook

S&P Global Ratings on Tuesday affirmed Mexico’s BBB foreign currency and BBB+ local currency long-term ratings and kept its outlook as negative.

The agency said it expected Mexico’s government to maintain cautious macroeconomic management, which limited a rise in debt and deficits, as President Andres Manuel Lopez Obrador goes into the second half of his six-year term.

S&P Global Ratings is an American credit rating agency and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody’s Investors Service and Fitch Ratings.

Source: El Economista

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