Puerto Vallarta News

Puerto Vallarta News

mexico's credit rating

Moody’s puts Mexico on ‘Negative’ outlook

Moody's credit rating agency has changed the outlook for Mexico's debt rating to negative from stable, citing low oil prices and slow economic growth.

But the agency maintained Mexico's A3 rating on senior debt, indicating very low risk.

The agency said it was worried about the possible effect on government budgets of bailing out the country's troubled state oil company, Pemex.

Moody's said in a statement Thursday that the Mexican government was . . .

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