S&P shifts Mexico outlook to negative as debt risks rise
S&P revised Mexico's outlook to negative citing slow fiscal consolidation and weak growth. The agency expects government debt to reach 54 percent of GDP by 2029.
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S&P Global Ratings revised the outlook for Mexico to negative from stable on May 12. The agency maintained the sovereign credit rating at BBB while forecasting net debt will reach 54% of GDP by 2029. Weak growth and continued state energy support could erode fiscal flexibility.
