The president of Mexico, Claudia Sheinbaum, challenged the rating agency Moody's to provide evidence supporting its new negative outlook for the country. Sheinbaum expressed her bewilderment at Moody's assertion regarding a weakening of the institutional framework due to controversial government reforms.
In her morning conference, the leader questioned Moody's methodology, which maintained Mexico's credit rating at Baa2 but changed the outlook from stable to negative. The agency mentioned concerns about reforms that could affect checks and balances in the judicial system and investor confidence.
Sheinbaum argued that rating agencies often rely on an outdated economic model and expressed support for the transformation of Mexico's economic model towards republican austerity and a moral economy since the presidency of Andrés Manuel López Obrador.
The president highlighted collaboration with Mexican and American businessmen to boost investment in the country. Sheinbaum assured that the government is working intensively to attract investments and emphasized that there are plans and agreements with various sectors to promote a favorable investment climate in Mexico.
