The rating agency Standard and Poor’s (S&P) Global Mexico’s national debt rating is BBB. confirmedNegative outlook. This rating ends the 2021 review, in which rating agencies supported Mexico in assessing its national debt.
In this regard, the Ministry of Finance and Public Credit (SHCP) stated that the certification of all rating agencies Ensure adequate access to the public sector and for international and national financial markets.
He noted that the rating agency was up Shrewdness in dealing with public finances during a pandemic This has improved macroeconomic and financial stability and has allowed the country’s economic indicators to outperform other similar economies.
He also stated that in the following years Standard & Poor’s expects a responsible approach to public funds and debtswhich will enable a moderate budget deficit and stable debt to be maintained. Similarly, the agency indicated that in a very strong legal and institutional context, it expected continued commitment to sound, independent and timely monetary policy decisions.
Standard & Poor’s stated they expected that Progress and strengthen the dialogue between Mexico, the United States and Canada Strengthening supply chains and cross-border connections under T-MEC, encouraging investment and improving the business environment in Mexico.
In addition, according to Hacienda, the rating agency highlighted the strong composition of national debt, which limits market risk and interest rates, and that the country is an active and innovative player in global capital markets.
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