the rater moody’s He said this Thursday that he sees an improvement in Mexico’s credit rating as unlikely in the near future and warned that the need for recurring and substantial support from the state oil company Pemex is eroding the country’s fiscal strength.
moody’swhich has Mexico rated “Baa1” with a negative outlook, said signs that the economic growth In the medium term, it will probably stabilize at a level below 2%, which would put downward pressure on Mexico’s note.
The rating agency warned that economic activity will moderate in the coming years after a rebound in 2021 and that higher inflation and a more restrictive monetary policy would affect the country’s credit profile.