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Pemex and PIBinho put Mexico's 'investment grade' at risk

Com gastos públicos em alta e crescimento econômico medíocre, o México está próximo de perder o grau de investimento – e uma das razões para isso são as recorrentes capitalizações que o Governo tem feito na Pemex. Segundo a Bloomberg, nos últimos dois anos o Governo da esquerdista Claudia Sheinbaum coordenou mais de US$ 50 […] The post Pemex e PIBinho colocam em risco o ‘investment grade’ do…

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Pemex and PIBinho put Mexico's 'investment grade' at risk

Mexico is at risk of losing its investment grade due to high public spending and mediocre economic growth. The government's repeated financial bailouts of state-owned oil company Pemex, totaling over $130 billion, have contributed to the country's fiscal woes. Moody's recently downgraded Mexico's rating to 'Baa3', while Fitch and S&P have also expressed concerns about the country's debt and growth prospects.

Mexico's economy has slowed, with GDP growth of just 0.2% in the first quarter of this year, and the country's debt is expected to rise to 54% of GDP by 2029.

Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at braziljournal.com →

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