Mexican companies will face a weak economic scenario but they are well positioned and with few risks for face debt maturities worth $19.4 billion this year, the credit rating agency said Tuesday. Fitch Ratings.
In a research note, Fitch also said that the mexican companies face a subdued economy as a result of an expected slight recession in the United States and higher financing costs this year.
“Fitch does not foresee any risk of illiquidity or need for refinancing of Mexican companies in 2023, since the local bond market is open and the banking system continues to have liquidity,” it said. Maria Pia Medranoa director at Fitch, in the agency statement.
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