Tag Archives: credit

Building a Competitive North America on the Existing Foundation

OPINION By JERRY HAAR Part of an ongoing series from the Wilson Center* The second decade of the 21st century increasingly mirrors the world’s political and economic environment of a century before when nationalism, protectionism and isolationism occupied center stage in the global political economy. The key drivers of economic growth and development — neoliberal economic policies and free market-oriented institutional

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Moody Downgrades Mexico’s Credit Rating

PULSE NEWS MEXICO Just two days after the U.S. financial services rating agency Standard & Poor’s (S&P) revised its long-tern outlook for Mexico from negative to stable, Moody’s Analytics, another of the Big Three credit rating agencies, on Friday, July 8, downgraded the country’s sovereign bonds to Baa2, the next-to-last rung of investment grade, adding that Mexico’s economy will remain

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Mexico’s Fiscal Deficit Reaches Six-Year High

By KELIN DILLON  In new data revealed on Thursday, Jan. 6, by the Mexican Secretariat of Finance (SHCP), Mexico’s difference between income and public sector spending reached 472.8 billion pesos in 2021, the largest deficit the country has seen in the last six years. Between January and November of 2021,  Mexico brought in some 5.2 trillion pesos through tax revenue,

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Moody’s Says Electricity Reform Would Lower Rating

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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Mexican E-Commerce on the Rise, But Still Hampered

By THÉRÈSE MARGOLIS     After Brazil, Mexico is the second-largest e-commerce market in Latin America, expected to represent more than $8 billion in sales this year, according to Pedro Abad, CEO of Elogia México, a digital marketing agency. “That figure is impressive, but it pales in comparison with the size of the U.S. e-commerce market, (which amounts to $453 billion in

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