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EconomyFinancialMoody's lowers the CFE's rating, but improves its outlook...
Financial

Moody's lowers the CFE's rating, but improves its outlook to "stable"

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The rating agency Moody's reduced the rating of the Federal Electricity Commission (CFE) to 'Baa2' from 'Baa1', although it changed its outlook to 'stable' from 'negative', after its decision to downgrade Mexico's sovereign rating.

Last Friday, the agency cut Mexico's rating to 'Baa2' from 'Baa1', citing economic and fiscal trends that it expects will continue to undermine the credit profile. In addition, on Monday the note of the state oil company Pemex fell to 'B1' from 'Ba3'.

Information in development

Where is Mexico? The cheapest gasoline and electricity rates in Latin America

Mexico has one of the cheapest electricity rates in the region, although it does not have the cheapest gasoline. In Europe, meanwhile, they suffer from high prices and seek to reform the electricity market.

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In October 2020, the State production company formalized the purchase of 2 million tons of coal from 60 producers

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A defiant act, such as the approval of the reforms to the Law of the Electricity Industry, goes against what we agreed in the T-MEC, points out Miriam Grunstein.

Moody's lowers CFE's rating, but upgrades its outlook to "stable"

The adjustment of the rating agency occurs a few days after reducing the credit rating of Mexico and Pemex.

Moody's downgrades CFE's rating, but upgrades its outlook to "stable"

The adjustment of the rating agency occurs a few days after reducing the credit rating of Mexico and Pemex.

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