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MercoPress, en Español

Montevideo, November 21st 2024 - 21:54 UTC

Tag: Moody's

  • Saturday, November 16th 2024 - 10:43 UTC

    Sheinbaum not happy with Moddy's lowering Mexico's grading

    “We are going to get ahead next year,” Sheinbaum insisted

    Mexican President Claudia Sheinbaum Friday expressed her disappointment after the credit rating agency Moody's lowered her country's grading from stable to negative citing an alleged “institutional weakening.” The newly elected head of state insisted “more arguments or evidence” were needed to back up that claim and denounced that there was a bias against Mexico. On Thursday, Moody's changed Mexico's credit outlook from stable to negative, due to a recent reform to the Judiciary.

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  • Saturday, July 27th 2024 - 08:32 UTC

    Moody's upgrades Paraguay's rating amid “robust” economic growth

    “The investment grade is a crucial step for the sustainable development of Paraguay,” Peña said from Paris

    The credit rating agency Moody's Friday upgraded Paraguay's score to “investment grade” thanks to the South American country's robust economic growth. The new status will facilitate access to credit for both the Paraguayan government and the private sector, it was explained.

  • Saturday, December 9th 2023 - 09:57 UTC

    Moody's downgrades China's debt; Beijing insists “unnecessary to worry”

    Moody's is concerned with China's economic slowdown and property crisis. The days of double digit growth are over and the declining trend according to IMF could reach 3,5% in a couple of years.

    Credit risk agency Moody's is warning about growing problems with the Chinese economy, and has cut its outlook on government-s debt to negative from stable. China has become the world's second largest economy and the main trading partner, among others of South American countries.

  • Tuesday, November 7th 2023 - 10:17 UTC

    Moody's says adjustment in Argentina inevitable

    Domestic demand is bound to contract regardless of who wins on Nov. 19, Moody’s said

    A recent report from Moody's heralded that a macro-fiscal adjustment is inevitable in Argentina regardless of who wins the Nov. 19 runoff between Economy Minister Sergio Massa and Libertarian Congressman Javier Milei.

  • Friday, October 6th 2023 - 10:13 UTC

    Moody's foresees Argentina's future between bad and worse

    The “worsening scenario” is not expected to change much if a runoff, scheduled for Nov. 19, is needed

    Regardless of who becomes Argentina's next president as of Decf. 10, 2023, Moody's foresees inflation in the South American country next year will reach 350%. The rating agency's “baseline scenario” scenario also contemplates an economic contraction of 3.5% by 2023, followed by another 2.5% next year, with prices climbing up to 25% each month.

  • Saturday, May 6th 2023 - 11:00 UTC

    Latin America needs to take climate change seriously, says Moody's

    Brazil, Mexico, and Argentina are the leading CO2 emitters in the region, accounting for about 70 % of the GDP generated in the region

    According to a Moody's Analytics report published this week, Latin America will lose productivity to climate change if it does not take swift action. The document titled “Latin America under the risk of climate change” explained that governments, companies, and financial institutions should adopt preventive measures to reduce carbon emissions, in order to mitigate eventual damages caused by climate change.

  • Thursday, November 17th 2022 - 09:58 UTC

    Moody's: Argentina remains high-risk for 2023

    Moody's Torres said 2023 will be “a difficult year”

    The credit-risk rating agency Moody's insisted this week that Argentina's main concern for the foreseeable future was its domestic debt in local pesos while the country keeps swerving through its financial mercuriality in an electoral year.

  • Monday, October 24th 2022 - 09:30 UTC

    Moody's: Major devaluation of Mexican peso forecast

    The stability between Mexico's peso and the US dollar has turned the Latin American country into a relatively expensive economy as per international standards

    According to the credit rating agency Moody's, a devaluation of around 20% of the Mexican peso against the US dollar would be imminent and might take place later this year or in early 2023, it was reported.

  • Saturday, September 10th 2022 - 10:35 UTC

    Latin America growth not looking bright for Moody's in 2023

    “The credit quality of non-financial and infrastructure companies in Latin America will be diverse,” Schmidt explained

    Credit rating consultants Moody's has warned that inflation and political risk will undermine Latin America's growth through 2023 amid recession both globally and in the region's main economies.

  • Wednesday, February 9th 2022 - 22:08 UTC

    No harm in Uruguay's banking system dollarized, Moody's report says

    “The flow of capital to emerging economies is likely to slow down,” Moody's forecast

    Although 76% of deposits in Uruguayan banks are in US dollars, credit rating consultants Moody's have said there was nothing to fear.

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