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LatinNews Daily - 15 June 2021

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In brief: Moody’s responds to Mexico’s midterms and new appointments

* The international credit ratings agency Moody’s Investors Service has said that the results of Mexico’s midterm federal legislative elections and changes in key economic posts are “unlikely to lead to a material shift in macroeconomic policies”. Moody’s report follows President Andrés Manuel López Obrador’s recent announcement of Finance Minister Arturo Herrera, as his choice for new central bank (Banxico) governor; that of Rogelio Ramírez de la O as his new finance minister; and the loss of congressional seats for the ruling left-wing Movimiento Regeneración Nacional (Morena) party in the 6 June election. According to the Moody’s report, while the political opposition will have a stronger presence in the federal chamber of deputies following the election, Morena will still have a sufficient majority to deliver on key economic policy objectives.