LatinNews Daily - 29 May 2020

* US investment bank JP Morgan has warned that the risk that Mexico could lose its investment grade is increasing, and could materialise in late 2021 or early 2022, resulting in the departure of US$44.3bn worth of investment. A report by the investment bank entitled Mexico: Fallen Angel Risks and Forced Selling Implications, cited as grounds for the growing risk “structurally low growth; the displacement of private investment; the collapse of the energy sector; the disappointing response to the coronavirus (Covid-19) pandemic; and the persistent delay of an exhaustive fiscal reform”.

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