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