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Mexico Downgraded on Pemex Risks, Trade Tensions, and Policy Uncertainty
2019-06-06
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Shelly Shetty and Charles Seville, Co-Heads of Sovereigns Ratings for the Americas, discuss the recent downgrade of Mexico's credit ratings. Key drivers for the rating action include liability of Pemex's deteriorating credit profile, poor economic growth performance exacerbated by trade tensions, and domestic policy uncertainty from the new administration.
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