Advanced Search

LatinNews Daily - 21 March 2019

Click here for printer friendly version
Click here for full report

In brief: Mexico

* Fitch Ratings, the international credit ratings agency, has reduced its 2019 forecast for Mexico’s economic growth to 1.6% from 2.1%, citing persistent trends hampering growth such as a drop in oil output, a decline in government spending, and slowing job creation. Last month Fitch downgraded Mexico’s state-owned oil company Pemex’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘BBB-’ from ‘BBB+’ and its National Long-Term ratings to ‘AA(mex)’ from ‘AAA(mex)’, with its rating outlook 'negative'.