Mexico News Blog: Free and Unlimited News from Mexico

Day

April 17, 2020
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Pemex gets downgraded to ‘junk’ by two major credit rating companies

Ratings agency Moody’s on Friday downgraded Mexico’s credit rating due to a deteriorating economic outlook and cut the debt of state oil firm Pemex to junk status, dealing a serious blow to President Andres Manuel Lopez Obrador. Moody’s Investor Service said it had cut Mexico’s creditworthiness to “Baa1” from “A3”, and lowered the rating of...
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Trump agrees to sell 1,000 ventilators to Mexico this month

President Andrés Manuel López Obrador of Mexico reported that the President of the United States, Donald Trump called him to guarantee that, after a request was made, at the end of this month Mexico will have a thousand ventilators for the Covid-19 pandemic. He also announced that to personally thank President Trump for this gesture...
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Latin America has a transparency problem when it comes to COVID-19

In the midst of the coronavirus epidemic, the governments of 12 countries on the American continent have hidden some relevant information in managing the public health crisis, and although Mexico has so far shown one of the best openings, it is still lagging behind in several items, according to a pan-regional journalistic investigation. Brazil, Guatemala...
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Mexican finance minister ‘very concerned’ about country’s downgrade

Mexican Finance Minister Arturo Herrera said on Thursday that he is “very concerned” about the country’s ratings downgrade but added that the decision is understandable under the current circumstances. Fitch Ratings on Wednesday downgraded Mexico’s sovereign rating to one notch above speculative grade, or “junk”, on fears that the economic shock caused by the novel...
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