Mexico’s sovereign rating is due for review and the scenario is pessimistic: Moody’s

Moody’s warned that the fiscal strategy that the next Mexican administration will present will be key to Mexico’s sovereign rating. Mexico’s aforementioned rating is at “Baa2/stable outlook”, which is a medium level of Investment Grade, since July 2022. The agency’s outlook for the rating is pessimistic, admitted sovereign analyst Renzo Merino. But he stressed that […]

US embassy in Mexico walled off due to student protest

Faced with a massive protest by students demanding justice for the disappearance of their 43 classmates 10 years ago, called for tomorrow, September 26, the U.S. Embassy in Mexico has been walled off with metal fences. “On Thursday, September 26, the Embassy expects several thousand or more protesters to march from the Angel of Independence […]

Felipe Calderón warns that Mexico could be a ‘narco-state’: “Latin America is being captured by organized crime and drug trafficking”

Former Mexican President Felipe Calderón denounced on Tuesday that “drug trafficking is turning the region into a region of narco-states,” in addition to ensuring that democracy in Mexico “has fallen,” due to the approval and subsequent entry into force of the reform to the Judicial Branch. These statements were made in the company of the […]

This is the cheapest internet service in Mexico, according to Profeco

By 2024, the Internet has become an indispensable complement for Mexican families, whether for school activities, work, or entertainment, so more than a luxury, it is a necessity. Given this, Profeco decided to analyze all the companies that are dedicated to the sector to find out which of them offers the service at the lowest […]

This is how AMLO’s distancing from Spain began

This is how AMLO’s distancing from Spain began The reasons that led to the distancing between the governments of Mexico and Spain, which was declared by Andrés Manuel López Obrador (AMLO), have historical implications, but also economic ones that evoke the participation of companies from the European country in the national territory. It was in […]

What are the seven systemically important banks and what happens if they fail?

In May, the National Banking and Securities Commission (CNBV) released a list of the seven largest banks in Mexico, whose size is of systemic importance. Every year, the banking regulator analyzes all the banks operating in Mexico and selects them according to their size. Why are they systemically important banks? “Local systemically important institutions are […]