2024-04-25 08:50:26
The Japanese agency ratified the rating of Mexico‘s long-term sovereign debt in foreign currency at BBB+, the Ministry of Finance reported.
He highlighted that the outlook was stable, so the agency does not expect any changes in the sovereign rating in the medium term. The agency highlighted the country’s economic solidity derived from the strength of domestic demand.
Treasury emphasized that R&I highlighted the country’s economic strength derived from the strength of domestic demand.
For the agency, there is a relationship between the importance of public and private investment in relation to GDP growth, as well as the greater flows of Foreign Direct Investment associated with the relocation of companies, to expand Mexico’s productive capacity.
R&I mentioned that a prudent fiscal policy has been implemented, focused on controlling the level of public sector debt as a percentage of GDP, a level that remains at a moderate level, below peer economies, despite the increase in the fiscal deficit expected in the program for 2024.
This ratification will allow the country to continue with favorable access to markets. /24 HOURS
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2024-04-25 08:50:26