Macro Analysis /
GlobalMoody’s downgrades Mexico to ‘Baa2’, with the outlook from negative to stable
Today Moody’s cut Mexico’s sovereign long-term credit rating to ‘Baa2’ from ‘Baa1’, with the outlook to stable
They expect economic and fiscal trends to undermine the credit profile, such as modest GDP and contingent liabilities
Despite the adjustment, we think that Mexico will maintain the investment grade in the short- and medium-term
Alejandro Padilla Santana
Executive Director of Economic Research and Financial Markets Strategy @ Banorte
Contributors
8 July 2022
Published byBanorte
