Tag Archives: Financial Rating Agency

Mexico’s CFE Raises Electricity Costs by 20 Percent

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By KELIN DILLON Mexico’s state-owned Federal Electricity Commission (CFE), widely touted by President Andrés Manuel López Obrador (AMLO) as his solution to lower energy prices for the average Mexican, has in fact reportedly increased its costs by 20 percent from January to April of this year. The CFE’s use of expensive, nonrenewable fuels is apparently driving its prices up, as

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S&P Maintains Mexico’s Credit at BBB

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By THE PULSE NEWS MEXICO STAFF The New York-based international credit agency Standard & Poor’s (S&P) ratified Mexico’s long-term sovereign rating on Tuesday, June 15, at BBB in foreign currency and BBB+ in local currency, both with “a negative outlook.” This announcement was made by the agency following Mexico’s June 6 midterm elections, in which the ruling party, the National

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