“Losing investment-grade status — a warning already raised by several institutions — would be like playing with fire: the consequences would be serious and could shake the country’s economic stability, affecting debt costs, interest rates, exchange rates, country risk, and ultimately, inflation.”
Pedro Casas Alatriste, CEO of the American Chamber of Commerce of Mexico
Pedro Casas, CEO of the American Chamber of Commerce of Mexico, details how the judicial reform could destabilize the Mexican economy.
According to the Wall Street Journal, U.S. companies are holding back on investment due to uncertainty about judicial reform and the U.S. elections.
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The peso pushed above 20 again on Tuesday as rumors of a “traitor” emerged, suggesting the reform will pass in the Senate.
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