Mexican currency under pressure over ratings downgrades

Mexico City

The Mexican peso came under pressure this week as Fitch and Moody’s revised downwards their ratings of Mexico’s sovereign debt and national oil company Pemex.

Since June 5, the currency has shed 1.5% of its value against the US dollar, falling to 19.7 pesos to the dollar in earlier trading today (June 7). The drop came as Fitch downgraded Mexico’s sovereign debt to BBB from BBB+, just outside junk status, on lower oil revenues and growing trade tensions with the US. Moody’s changed its outlook

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account