Moody's downgrades Mexico

Moody's downgrades Mexico

Corporate & Sovereign Strategy Moody's Investors Service Downgrade Bonds Debt Fixed Income Capital Markets Mexico

Moody’s said it downgraded Mexico by one notch to Baa2 and changed its outlook to stable from negative, citing sluggish economic growth and higher government spending.  Economic activity in Mexico is constrained by "weak investment prospects and increased structural rigidities," while the government's ability to pay off debt remains weaker, although it has limited the burden through "prudent fiscal management," Moody’s said in a report on Friday. "The economic scarring that took place during the

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