Following this review, the agency does not expect any movement in the rating over the next 12 to 18 months.
The Ministry of Finance highlighted that the rating agency highlighted the government’s commitment to fiscal consolidation, good macroeconomic management and prudence in fiscal and monetary policies.
“These factors will ensure the sustainability of public debt, maintain investor confidence and good access to global capital markets,” added the Ministry of Finance and Public Credit (SHCP) in a statement.
S&P highlighted that possible disputes between Mexico and the United States on trade, migration and other issues will be handled in a pragmatic manner, which will sustain economic stability and maintain the deep economic integration of both countries.
With information from Reuters.
