President Claudia Sheinbaum; and director of a credit agency Fitch Ratings, Shelley Shetty, They met this Friday to review Mexico’s economic and financial situation.
“We met at the National Palace with Shelley Shetty, chief executive of Fitch Ratings, and her team to discuss our economy’s strong performance, healthy finances and Mexico’s plans,” Sheinbaum Pardo noted in X.
It comes a week after Sheinbaum asked ratings agency Moody’s to provide “evidence” to support its new negative outlook for Mexico, arguing that the “institutional structure” was weakening in the midst of controversial government reforms.
“I don’t know why this supposed institutional weakening is happening, I would have to give more arguments or evidence for this, in many cases these rating agencies are focused on assessment based on the economic model,” the president said at her morning conference last time . Friday.
The president questioned the methodology of Moody’s, which maintained Mexico’s credit rating at Baa2 but changed its outlook from stable to negative due to “the perception of weakening institutional and policy frameworks that could undermine financial and economic performance.” “.
Fitch also criticized, following Sheinbaum’s election victory, the judicial reform enacted on September 15, which will introduce popular elections of judges, magistrates and the Supreme Court starting in 2025.
“Proposed judicial reforms in Mexico could negatively impact the investment appetite and business environment of non-financial companies if their implementation impedes the autonomy and quality of the judicial system,” Fitch Ratings noted in late June. (EFE)
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Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
