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LatinNews Regional Monitor: Mexico - 6 March 2019

In brief: Mexico

* Credit ratings agency, Moody’s Investor Service, has released a new report that warns that the intensifying violence and crime in Mexico is increasing the credit and economic risks for firms operating in the country, as well as for municipal and state governments. The report states that “increasing insecurity, robbery, and travel warnings hurt Mexican companies’ top line and profitability and will particularly weaken revenue and margins over the next 12-18 months for the oil industry and hotels and resorts…Moreover, costs related to insecurity also pose some risk to other industries such as, packaged food, retail, beverage and mining”. It goes on to note that the spreading violence also “presents associated economic and financial risks to a broader swath of regional and local governments…where rising violence weighs on economic activity and can potentially slow tax revenue growth”

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