Moody's has lowered Mexico's credit rating to Baa3, citing weak economic growth and budget rigidity exacerbated by subsidies for Pemex. The outlook was revised to stable.

<p>Moody's joins Fitch and S&#038;P in giving Mexico a barely investment-grade rating, and all three lay a share of the blame on Pemex's subsidies.</p> <p>The post <a href="https://mexiconewsdaily.com/business/moodys-cuts-mexicos-credit-rating-lowest-investment-grade-level/">Moody’s cuts Mexico’s credit rating to the lowest investment-grade level</a> appeared first on <a href="https://mexiconewsdaily.com">Mexico News Daily</a></p> <p>Credit rating agency Moody’s cut Mexico’s credit score to Baa3...