HT Ratings lowers Mexico's sovereign rating while the Finance Ministry defends that the country maintains a stable outlook

On October 15, the rating agency HR Ratings downgraded Mexico's long-term sovereign credit rating from BBB+ to BBB, while affirming the country's short-term rating at HR3 with a stable outlook.

In response to the downgrade, the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público) defended the nation's economic standing, emphasizing that the sovereign maintains an overall stable perspective despite the adjustment by the rating agency.