Macro Analysis /

Moody’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
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Leslie Thalia Orozco Velez
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
8 July 2022
Published byBanorte


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