Further downgrades in Mexican bond rating unlikely, says Fitch

Further downgrades in Mexican bond rating unlikely, says Fitch

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Loans Mexico

In the absence of any significant surprises, it’s unlikely that Fitch will further lower its bond rating for Mexico, according to Charles Seville, senior director of sovereigns at the ratings agency. In June, Fitch cut its sovereign rating to BBB or near junk status. Risks associated with Mexico’s economic slowdown and uncertainty surrounding state-owned oil giant Pemex’s rescue plan were factored in when the rating was cut, Seville said.  “We lowered the rate but kept a stable outlook. Some o

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