The Mexican government faces a one-in-three chance of having its credit rating d...
MEXICO CITY - The Mexican government faces a one-in-three chance of having its credit rating downgraded over the coming year, as public finances struggle with mounting liabilities and slowing growth, rating agency Standard & Poor’s said on Friday.
In a statement, S&P emphasized that Lopez Obrador’s plans to reduce the private sector’s role in the Mexican energy sector while boosting spending on cash-strapped national oil company Pemex raised concerns for government finances. The peso currency, which has reacted negatively to recent downgrades, ceased trading for the weekend before S&P published their latest guidance on Mexico.
The production slide has weighed on the government’s fiscal health as it implicitly guarantees Pemex finances.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Get ready for 100 new Umami Burger openings worldwideUmami, the burger joint that started in L.A. with its distinctive savory flavor, will partner with hotels in sbe and AccorHotels brands.
Read more »
Mexico eyes fresh U.S. targets in steel tariff dispute: officialMexico could soon slap duties on new U.S. products as it overhauls the list of t...
Read more »
Mexico frets over U.S. plans to take divisive asylum policy to new citiesThe United States is aiming to ramp up in coming weeks a program to send Central...
Read more »
Mexico president approval rate rises to 67 percent: pollApproval for President Andres Manuel Lopez Obrador rose from 62.7 percent to 67....
Read more »
AP PHOTOS: Teens struggle alone in Mexico after caravanTIJUANA, Mexico (AP) — Milagro de Jesus Henriquez Ayala rubs her slightly protruding belly and giggles at her unborn son's constant kicks. The 15-year-old Salvadoran girl is staying at a...
Read more »
Mexico approves plan to create 50,000-strong force to combat cartelsThe national guard will attempt to combat a rising tide of violence, but its mission is uncertain.
Read more »
The Trump Administration Plans To Expand Its Policy To Keep Asylum Seekers In MexicoPeople seeking asylum, which is legal to request when crossing the border, generally claim to be fleeing persecution in their home countries.
Read more »
Two US Soldiers Allegedly Tried To Sell Guns And Explosives To Be Sent To MexicoThe two soldiers reportedly served in the army's elite EOD unit which is responsible for disarming explosives and weapons of mass destruction.
Read more »