June 18, 2021 |
S&P Global Ratings sees a number of "important" risks to Mexico's credit profile, including an increase in debt after the GDP contracted sharply during the COVID-19 pandemic last year, said an analyst at the rating agency.
"We see the risks, but we see that there are maybe policies that may address those risks," the analyst said.
S&P affirmed Mexico's BBB long-term foreign currency rating and maintained a negative outlook on Tuesday, hinting at a possible downgrade in the next 12 months
Rating agency hints at a downgrade in the next 12 months if the government interferes in the energy sector