“Standard & Poor’s (S&P) has downgraded Mexico’s rating from stable to negative, citing the risk of slow fiscal consolidation due to low economic growth and rising public debt.”
MND Staff
The Finance Ministry noted that even the lowered rating keeps Mexico within what’s considered investment grade, but it too lowered its GDP growth forecast from 3.0% to 2.3%.
After S&P revised Mexico’s credit outlook to ‘negative,’ Finance Minister Amador lays out a plan to restore confidence and reverse the downgrade.
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Gabriel Cuadra, one of five members of the Bank of Mexico (Banxico) board, described the 0.8% contraction registered in the first quarter of 2026 as significant, especially after Mexico’s economy…
