USMCA: Encouraging, but Miles (and some Politics) yet to Go
Against the backdrop of positive economic news out of the United States, Mexico’s economy has reason for moderate optimism
Read moreTag Archives: Fitch Ratings
Navigating Mexico: Interest Rates Never Looked So Good
In Mexico, Fitch predicted that Banxico will have to continue raising rates, since the fight against inflation is still far from over
Read moreGreen Sprouts and Dark Clouds for North American Ties
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreMoody 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
Read moreMexico’s October Inflation Hits 6.24 Percent
By THE PULSE NEWS MEXICO STAFF Mexico’s inflation rate hit 6.24 percent in October, its highest level since December 2017, the National Institute of Statistics and Geography (Inegi) said Monday, Nov. 8. The National Consumer Price Index (INPC) hike was above market forecasts, which had predicted an annual increase of 6.16 percent, according to a group of economic analysts consulted
Read moreThe World According to Bartlett
By ALEJANDRO ENVILA FISHER The question that everyone in Mexico should be asking themselves is whether ordinary citizens are more interested in subsidizing, with their own paychecks and a reduced quality in their public services, an ideologized concept of national sovereignty as purported by President Andrés Manuel López Obrador (AMLO) and his so-called Fourth Transformation (4T), or paying less for
Read moreUnderstanding Financial Ratings Agencies’ Scores
By THÉRÈSE MARGOLIS In school, a strong B across the board is considered to be a respectable grade. In the world of financial credit ratings, not so much. Although the way that each of the Big Three rating agencies — Standard and Poor´s (S&P), Moody’s Analytics and Fitch Ratings, which collectively account for 99 percent of the world’s ratings market
Read moreMexico News Roundup
By RICARDO CASTILLO Pemex Drops Fitch, But It’s Not Reciprocal The Mexican state-owned oil company Petróleos Mexicanos (Pemex) dropped the international ratings firm Fitch from its budget on Tuesday, March 2, saying that it “no longer needs” the New York-based company’s services. Fitch’s ratings of the humongous Pemex debt has been harsh, and in its latest move. Fitch downgraded
Read moreMexico News Roundup
By RICARDO CASTILLO Outsourcing Vote Postponed The Mexican Chamber of Deputies postponed the vote on the outsourcing regulation bill, which was slated to take place on Thursday, Nov. 26. Now, the debate over it will continue until sometime next week. The decision came after there was an exponential increase of speakers taking the podium from 70, on Monday, Nov. 23,
Read moreFitch: Mexico’s Economic Rebound Losing Steam
XINHUA Mexico’s post-pandemic economic recovery is losing strength after rallying in June, the U.S.-based Fitch Ratings agency warned on Wednesday, Oct. 14. “The latest data for Mexico suggest that the pace of economic recovery is slowing after a sharp rebound in June,” the agency said in a brief commentary. While “robust incoming data” in June and July pointed to higher
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