DBRS Morningstar Downgrades Mexico to BBB, Trend Remains Negative

DBRS Inc. (DBRS Morningstar) downgraded the United Mexican States’ (Mexico) Long-Term Foreign and Local Currency – Issuer Ratings to BBB from BBB (high). At the same time, DBRS Morningstar downgraded the United Mexican States’ Short-Term Foreign and Local Currency – Issuer Ratings to R-2 (high) from R-1 (low). The trend on all ratings remains Negative.