US EditionMexico's Fiscal Situation Ceased to Be a Strength by Reducing Its Room for Manoeuvre: Fitch
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MEXICO CITY (El Universal) — The renegotiation of the United States-Mexico-Canada Agreement (USMCA) will remain uncertain for Mexico, and there is a risk that the trade agreement will remain in effect only on paper, with annual renewals, Fitch Ratings warned. During the webinar “2026 Credit Outlook for Latin American Sovereigns,” Todd Martinez, senior director and co-director of Fitch Ratings’ Americas sovereign group, noted that the USMCA could…
Fitch Ratings said that the Treaty between Mexico, the United States and Canada (T-MEC) could enter into ‘Zombom Mode’ even if the trade agreement remained intact during the scheduled review on July 1, 2026.Todd Martínez, an analyst for Sovereigns for Latin America at Fitch Ratings, said that they are less concerned about tariffs, although the renegotiation of the T-MEC still presents an uncertain environment about what the United States will do…
In the Fitch qualifier they find themselves less concerned about the Mexican economy than last year, but they do not expect a more favorable scenario by 2026. Thus explained the analyst of sovereigns for Latin America, Todd Martinez, when participating in the annual conference Credit Outlook 2026, Latin America Sovereigns, which this year became [...]
Although the T-MEC can remain in force, its operation can enter a “zombi” phase, an agreement that exists on paper, but loses operational strength. In this scenario, the treaty would be renewed with constant reservations, while the United States preserves the ability to apply discretionary tariffs, said Todd Martínez, senior director and co-director of the Fitch Ratings group of sovereigns for the Americas. Panorama 2026 This reduces certainty f…
The renegotiation of the T-MEC will remain uncertain for Mexico and there is a risk that the trade agreement with the United States will remain paper, but it will enter into an annual renewal process, leading to a specie of “Zombie mode,” said senior director and co-director of Fitch Ratings’ group of sovereigns for the Americas, Todd Martínez. “The T-MEC, although still intact, could enter as a zombie mode, an agreement that exists on paper but…
Lower oil production is hurting public revenues; T-MEC could enter a zombie mode.
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