Economy & Business - June 2026
MEXICO: Gov’t faces credit rating downgrades
International credit rating agencies downgraded Mexico in May over a broad range of concerns, including a deteriorating fiscal position, rising debt levels, sluggish economic growth, and the punitive burden of ongoing financial support for the state-owned oil company, Petróleos Mexicanos (Pemex). Investor uncertainty over the current review of the US-Mexico-Canada (USMCA) trade pact and the budgetary impact of the Middle East conflict have further fuelled worries.
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