Reuters logo
7 months ago
BRIEF-Moody's says Mexican corporates face increasing risks as growth slows, interest rates rise
January 12, 2017 / 4:55 PM / 7 months ago

BRIEF-Moody's says Mexican corporates face increasing risks as growth slows, interest rates rise

Jan 12 (Reuters) - Moody's:

* Moody's says Mexican corporates face increasing risks as growth slows and interest rates rise

* Changes to NAFTA would likely hurt Mexican exporters, remittances from immigrants to Mexico may also decline under the new US administration

* Lower economic growth,weaker currency,uncertain trade relationship with U.S. are some challenges that lie ahead for Mexican corporates in 2017

* Mexican consumer-oriented companies would be better positioned to withstand reduced consumption at home, foreign exchange volatility

* Oil, gas, some consumer companies are among those that will feel the impact of volatile exchange rate against dollar

* Mexican lodging companies such as Playa Resorts Holding B.V. should benefit as the weak peso attracts more tourists to Mexico

* Says prospect of higher interest rates, leading to higher mortgage costs & weaker demand for housing, represents risk to Mexican homebuilders Source text: (bit.ly/2jbFk9O)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below