Mexico Downgraded to Baa1 by Moody’s on Weak Growth Outlook

(Bloomberg) -- Mexico received a long-anticipated downgrade by Moody’s Investors Service after a year of economic contraction and persistent uncertainty.The nation’s sovereign debt was downgraded one notch to Baa1 with a negative outlook, the rating firm said in a statement. Mexico has held a solid A3 investment-grade rating since 2017, but Moody’s lowered the country’s outlook from stable to negative in June 2019.“Mexico’s medium term economic growth prospect