By THE PULSE NEWS MEXICO STAFF Moody’s Analytics, one of the three top credit rating agencies in the world, said Wednesday, Oct. 6, that Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform initiative would have negative implications for the country’s credit rating. “The initiative would be negative for the Mexican power sector because it would decrease its operational
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By RICARDO CASTILLO Is the Damocles sword a mythical tale? Surely not for Mexican President Andrés Manuel López Obrador (AMLO), who now sees it swinging over his political neck like a pendulum in the form of international rating agencies Fitch, Moody’s and S&P. The awesome rating threesome has lashed out against Mexico, putting the nation’s economy not on a downward
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By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López (AMLO) may not put much stock in the downgrades issued in recent weeks by the Big Three international credit agencies, Fitch, Moody’s and Standard and Poor’s, but the Organization for Economic Cooperation and Development (OECD) certainly seems to. In its latest global economic forecast, published on Wednesday, March 6,
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By RICARDO CASTILLO It seems that about once a week, U.S. ratings are playing an old racist version of the Whac-A-Mole carnival game with Mexican President Andrés Manuel López Obrador (AMLO). In these now-defunct fairs, pitchers would be given three balls to throw at a black man – a real person – in an attempt to hit him. Behind the
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