BRIEF-Fitch Downgrades Mexico To 'BBB'; Outlook Revised To Stable
* FITCH SAYS DOWNGRADED MEXICO'S LONG-TERM FOREIGN CURRENCY, LOCAL CURRENCY ISSUER DEFAULT RATINGS TO 'BBB' FROM 'BBB+' & REVISED OUTLOOK TO STABLE FROM NEGATIVE * FITCH SAYS IMPACT OF CONTINGENT LIABILITY REPRESENTED BY PEMEX WEIGHS INCREASINGLY HEAVILY ON MEXICO'S CREDIT PROFILE
* FITCH SAYS DOWNGRADE OF MEXICO'S IDRS REFLECTS INCREASED RISK TO ITS PUBLIC FINANCES FROM PEMEX'S DETERIORATING CREDIT PROFILE & ONGOING WEAKNESS IN MACROECONOMIC OUTLOOK * FITCH SAYS SUSPENSION OF PRIVATE SECTOR BIDDING ROUNDS SCHEDULED AS PART OF ENERGY SECTOR REFORMS IS UNLIKELY TO HELP INVESTMENT SENTIMENT IN MEXICO
* FITCH SAYS MEETING FISCAL TARGETS WILL BECOME MORE DIFFICULT FOR MEXICO HEADING INTO 2020, COULD RESULT IN TIGHTER POLICY CREATING HEADWIND TO GROWTH Source text for Eikon: Further company coverage:
Google News