Mexico Investment is One Step From Junk Grade According to Moody’s

Mexico kept its investment-grade status, but with less room to spare. Moody’s cut the country’s sovereign rating to Baa3, citing pressure from public finances, low growth, and continued support for Pemex. The stable outlook means another immediate downgrade is not expected, but the move places Mexico at the lowest rung of Moody’s investment-grade scale. For residents watching the peso, public spending, and borrowing costs, the next fiscal steps will matter.