Mukherji also noted that the agency could lower its current “BBB” rating for Mexico if debt and fiscal deficits worsenand that he was closely following the extraordinary support for the state oil and energy companies, Pemex and CFE.
Worsening investor confidence and lower investment could also threaten the rating, he said.
Furthermore, effective political and economic management under the new government of President Claudia Sheinbaum, in power since October 1, could result in a positive review of Mexico’s rating, Mukherji added.
