Ratings firm S&P launches methodology tailored to Mexican market

The S&P ratings steadfast announced Monday that it volition beryllium afloat implementing its nationalist standard standing methodology successful Mexico by basing however it assigns creditworthiness mostly connected factors wrong the country. 

While S&P has been assigning ratings successful Mexico for implicit 30 years, the adoption of caller tools volition assistance amended its ratings by gathering a much close knowing of the existent conditions of the unsocial Mexican recognition environment.  

“What we are doing is launching methodologies adapted to the world of the nationalist market,” S&P Global Ratings for Latin America’s commercialized leader, María Pérez Cavallazzi, said successful an interview.

 “The extremity is to unfastened opportunities for caller companies to get ratings and, thereby, fortify the country’s competitiveness.” 

The caller attack volition usage localized criteria, including nationalist regulations and the circumstantial dynamics of the Mexican market. It is expected to boost transparency and marque it clearer for issuers, structurers, agents and advisers to recognize the main factors utilized to found each evaluation.  

Using the sanction S&P National Ratings, the company’s strategy for Latin America — which includes Mexico, Brazil, Argentina and Uruguay — is to found autarkic criteria for each country, which volition assistance trim dependence connected planetary factors that bash not needfully bespeak the world of the home market. 

Research volition beryllium conducted by section analytical teams with a precocious knowing of each country’s economical context. 

 “This allows america to much accurately bespeak the conditions successful Mexico and accommodate to changes without compromising the highest planetary standards,” Pérez said. 

S&P National Ratings actualiza sus metodologías en México 🇲🇽
Con más de 30 años de presencia, la firma busca reflejar con politician fidelidad el entorno crediticio section y abrir oportunidades para nuevas empresas.#SPGlobalRatings #México #MercadoFinanciero #Innovación…

— El Financiero (@ElFinanciero_Mx) November 10, 2025

An important diagnostic of the nationalist standard standing methodology is that its findings are not transferable. What is simply a origin successful Argentina is not needfully a origin successful Mexico, and vice versa.

Mexico keeps BBB and BBB+ ratings

On Sept. 8, S&P Global Ratings announced it would beryllium maintaining its “BBB” semipermanent overseas currency and “BBB+” semipermanent section currency sovereign recognition ratings connected Mexico, stating that the outlook remains stable. 

S&P expects Mexico’s nationalist finances to stabilize this twelvemonth contempt debased economical growth, pursuing respective years of prudent monetary argumentation and increasing home superior markets. 

The Sheinbaum medication is expected to beryllium pragmatic arsenic it manages disputes betwixt Mexico and the United States connected trade, migration and different matters to prolong economical stability, said S&P. 

The steadfast said that nether the downside scenario, nonaccomplishment to trim fiscal deficits accelerated enough, weaker nationalist finances, and the hazard of further bonzer enactment to the state-owned lipid institution Petroleos Mexicanos and the Federal Electricity Commission could pb to a downgrade successful the adjacent 2 years.

Under the upside scenario, S&P could rise Mexico’s standing if effectual governmental and economical absorption increases concern and raises Mexico’s debased complaint of per capita economical growth. 

With reports from El Financiero