Fitch shifts Mexico debt outlook from stable to negative

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 . . .

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