Fitch Ratings has changed its outlook on Mexico’s long-term foreign-currency debt issues from “stable” to “negative,” citing the potential policy effects of President-elect Andres Manuel Lopez Obrador.
The leftist Lopez Obrador has tried to smooth anxieties in the business community but upset many by canceling a partly built, $13 billion new airport on the outskirts of Mexico City.
The private sector had strongly backed the airport project, but Lopez Obrador called it wasteful. Instead, he plans to upgrade . . .
