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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By MARK LORENZANA Just as Mexico’s inflation rate rose to 7.99 percent in June of this year, the U.S. financial services rating agency Standard & Poor’s (S&P) in its Global Ratings report on Wednesday, July 6, revised the outlook on its long-term ratings on Mexico from negative to stable. In addition, the S&P Global Ratings affirmed the country’s credit rating
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By THE PULSE NEWS MEXICO STAFF The pending default of of Chinese property developer Evergrande Group roiled stock markets around the globe Monday, Sept. 20, including Mexico’s Bolsa Mexicana de Valores (BMV). Investor concerns about the uncertainty of Evergrande’s financial future caused the BMV to close with a 1.46 percent loss at the end of the day. Between Friday and
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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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By RICARDO CASTILLO Ominous Holiday Warning After expert epidemiologists forecast an ominous surge of covid-19 infections for January, Mexican President Andrés Manuel López Obrador (AMLO) issued a public call on Friday, Dec. 4, for people to avoid attending traditional holiday “posadas” gatherings, which usually begin in mid-December and run through Christmas Eve, and to stay home as much as possible
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