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 . . .

Read Full Story

Related Posts

peso today

Mexican peso holds steady as inflation ticks higher

The peso closed near 17.48 per dollar, steady under 17.50, as hotter Mexico inflation and...
Cabo San Lucas water

Puerto Vallarta water outage will hit 40 neighborhoods Friday

CFE maintenance will cut power, limiting water in 40 Puerto Vallarta neighborhoods from 1 p.m....
Playa del Carmen pivots to conscious sustainable tourism

Playa del Carmen pivots to conscious sustainable tourism

Tourism chief Estefanía Hernández says Playa del Carmen is pivoting to sustainability, inclusion and local...
San Miguel de Allende marks Ignacio Allende birthday

San Miguel de Allende marks Ignacio Allende birthday

A civic-military ceremony, procession to Casa de Allende, and downtown parade marked Ignacio Allende’s birthday...