Economy & Business - July 2022

MEXICO | S&P revises Mexico’s outlook to stable. On 6 July, International credit ratings agency Standard and Poor’s (S&P) maintained Mexico’s long-term foreign-currency credit rating at “BBB” and local currency at “BBB+” but changed its negative rating outlook to “stable”. Despite improving its outlook, S&P warned of inflationary pressures and the growing risk of US recession. On Twitter, Mexico’s President Andrés Manuel López Obrador wrote that S&P had recognised “the stability and fiscal and monetary prudence that this administration has promoted”.

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