HR Ratings Upgrades Mexico’s Outlook; Revenue Law Approved

HR Ratings reaffirms Mexico’s BBB+ credit rating and changes outlook from negative to stable. In addition, Senate committees approved the 2026 Federal Revenue Law (LIF), including MX$1.78 trillion in proposed debt.

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HR Ratings Confirms Mexico’s BBB+ Credit Rating, Outlook Stable

HR Ratings has reaffirmed Mexico’s credit rating at BBB+ and revised its outlook from negative to stable. The agency acknowledged the federal government’s fiscal consolidation efforts, noting adjustments in both current and investment spending alongside robust tax revenue performance.

Senate Committees Approve 2026 Federal Revenue Law

Mexico’s Senate committees have approved the Federal Revenue Law (LIF), which includes a proposed debt ceiling of MX$1.78 trillion (US$96.53 billion) for next year. In total, 21 senators voted in favor, 8 against, and none abstained. The bill now goes to the full Senate, which has until Oct. 31 to pass.

Shared Prosperity: the Senate's Economic Commission

The Mexican Senate's Economy Commission, chaired by Sen. Emmanuel Reyes Carmona, is advocating for a national economic strategy centered on Shared Prosperity. This vision, a key pillar of the "second floor of the Fourth Transformation" under President Claudia Sheinbaum, aims to position Mexico as a global economic power. Its core philosophy is that prosperity must be shared: Development cannot benefit only a few, and wealth must be distributed to those with the fewest resources, Reyes Carmona said.

Mexico Faces GDP Impact From US Immigration Changes, IMF Warns

United States immigration policies could lead to a decline of up to 0.9 percentage points of Mexico’s GDP in remittance inflows over a five-year period, according to economists at the International Monetary Fund (IMF).

Mexico, US Near Agreement on 54 Trade Barriers: Sheinbaum

Mexico and the United States are nearing an agreement to resolve 54 non-tariff trade barriers, President Claudia Sheinbaum said Monday, following a weekend phone call with US President Donald Trump. The deal could be finalized within weeks, before the Nov. 1 deadline associated with potential new US tariffs.

The Power of Three: A New Era for North American Partnership

Since its implementation in 2020, USMCA has been instrumental in shaping North America’s economic landscape. However, the recent return of US President Donald Trump and his shifts in trade policy have introduced uncertainty about the agreement’s future. As USMCA approaches its scheduled 2026 review, Canada and Mexico are actively working to strengthen their bilateral partnership. However, experts agree that all parties stand to benefit from reaching a consensus to ensure continued stability and growth in the region.

Sheinbaum Condemns US Naval Strikes in International Waters

President Claudia Sheinbaum strongly criticized a recent US strike on a vessel in international waters, reportedly carrying drugs. She requested a meeting between her cabinet and United States Ambassador Ronald Johnson to review the situation.