Carlos Slim Criticizes Moody's, S&P Downgrades, Pledges $5 Billion Investment
Mexican billionaire Carlos Slim criticized Moody's and S&P's recent downgrades of Mexico's creditworthiness as irrational. He announced a $5 billion investment plan for the country, asserting its attractiveness for investment.
<p>After his nation's creditworthiness was dealt a blow by downgrades from rating agencies, Mexico's richest man rose to its defense by criticizing Moody's and S&P and pledging US $5 billion in investments. </p> <p>The post <a href="https://mexiconewsdaily.com/business/slim-slams-moodys-and-sps-mexico-downgrades-irrational-pledges-us-5-billion-in-new-investments/">Slim slams Moody’s and S&P’s Mexico downgrades as ‘irrational,’ pledges US $5 billion in new investments</a> appeared...