After the rating agency Moody’s changed the outlook for Mexico’s rating from “stable” to “negative” and ratified the note at “Baa2”, President Sheinbaum said at a press conference that the Mexican economy is quite solid.
“I don’t know why there is this supposed constitutional weakening, they would have to give more arguments or evidence,” said the president.
She explained that the rating agencies are oriented to evaluate based on an economic model. “We all know that this changed in 2018. A model based on republican austerity, public investment, and social programs,” said the Morena member.
#EnLaMañanera | “Es muy sólido”: Claudia Sheinbaum destaca el Paquete Económico 2025 que presentará Rogelio Ramírez de la O, secretario de Hacienda; expresa desconocer la razón por la que la calificadora Moody's bajó a 'negativa' la perspectiva crediticia de #México. pic.twitter.com/UOWzzXmEbb
— El Financiero (@ElFinanciero_Mx) November 15, 2024
The president added that we should ask why there is an institutional weakening and revealed that they are doing very important work with the economic cabinet and there are many investments for Mexico in 2025. For example, Toyota recently announced an investment of 1.45 billion US dollars in our country.
‘‘The Mexican economy is solid, it is strong,’’ concluded Sheinbaum.
TYT Newsroom
