Mexican stimulus likely to have limited impact on growth - Moody's

The Mexican government's newly announced stimulus package is likely to have a limited impact on economic growth, an analyst for credit ratings agency Moody's said on Wednesday, adding that she sees no reason to change growth forecasts for Mexico.

"The announcement of the fiscal stimulus package confirms that the economic slowdown is a matter of growing concern for the authorities," Moody's analyst Ariane Ortiz said.