LatinNews Daily - 27 March 2020

* Credit ratings agency Standard and Poor’s (S&P) has downgraded Mexico’s sovereign credit score by one notch from 'BBB+' to 'BBB' with a 'negative' outlook, in the face of a worsened economic recession due to the coronavirus (Covid-19) pandemic and tumbling global oil prices. Mexican assets have plunged, along with the currency, since the coronavirus outbreak hit the world, and the country was already facing an economic recession and fiscal challenges this year before the pandemic darkened the global economic scenario. 

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