This Wednesday, the rating agency Standard & Poor's (S&P) ratified the rating of Mexico's long-term sovereign debt in foreign and local currency at BBB and BBB+, respectively.

In addition, he upgraded the outlook from negative to stable, and highlighted that the Mexican government is seeking policies that maintain the soundness of its public finances and debt levels below 50 percent, which will allow it to continue with an environment of macroeconomic stability.

See also: Solili Offices Report 2Q 2022, office leasing in Mexico with a recovery of 80%

“The stable outlook reflects our expectation that cautious macroeconomic management will prevail over the next two years, despite a more complex global environment. We hope that the administration of President Andrés Manuel López Obrador will follow economic policies that result in stable fiscal and debt dynamics,” the agency added.

However, they added that the friction that Mexico has had with its main trading partners, the United States and Canada, could discourage investment in our country.

Of interest: Solili Industrial Report 2T 2022, demand of 1.7 million m², would report 2022 historical record

“Unexpected setbacks in macroeconomic management or discussions among USMCA partners on strengthening supply chain resilience and cross-border linkages would likely undermine confidence and investment, and could lead to lower prices. next two years,” S&P commented.

They also noted that any extraordinary support needed for Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) could also lead to a downgrade, as this would lead to higher government deficits and increase fiscal risks.

The rating agency Standard & Poor's is recognizing "the stability and fiscal prudence" defended by the Government with the improvement of the outlook in Mexico's credit rating, President Andrés Manuel López Obrador assured this Wednesday.

In Solili you can consult offices and industrial buildings available in Mexico City

Original note