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MEXICO: Moody's Analysts Say Judicial Reform Could Directly Affect Credit Rating

MEXICO
EM BulletHomepagemarkets-real-timeMexicoBulletGlobalEmerging Market NewsRegion
  • Speaking on the outlook for Mexico and the challenges facing the nearshoring trend at an event in Mexico City, Moody's analysts have said that judicial reform could undermine the country's institutions and directly affect its credit rating.
  • Ratings analyst Renzo Merino said that the reform could inhibit investments into Mexico, adding that the country's outlook is stable, but faces many challenges.
  • USDMXN has spiked higher on the headlines, rising 1.4% on the day to 19.60, piercing initial resistance at 19.5675, the Sep 13 high.
    • "*MEXICO COURT REFORM MAY DIRECTLY AFFECT CREDIT RATING: MOODY'S"
    • "*MEXICO COURT REFORM COULD UNDERMINE INSTITUTIONS: MOODY'S" - BBG
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  • Speaking on the outlook for Mexico and the challenges facing the nearshoring trend at an event in Mexico City, Moody's analysts have said that judicial reform could undermine the country's institutions and directly affect its credit rating.
  • Ratings analyst Renzo Merino said that the reform could inhibit investments into Mexico, adding that the country's outlook is stable, but faces many challenges.
  • USDMXN has spiked higher on the headlines, rising 1.4% on the day to 19.60, piercing initial resistance at 19.5675, the Sep 13 high.
    • "*MEXICO COURT REFORM MAY DIRECTLY AFFECT CREDIT RATING: MOODY'S"
    • "*MEXICO COURT REFORM COULD UNDERMINE INSTITUTIONS: MOODY'S" - BBG