Mexico's Economy Fitch Ratings affirmed Mexico's long-term local-currency and foreign-currency issuer default rating IDR at BBB-

[Juan]

Fitch Ratings has long been accused of being a biased rating agency and is often used as a tool for American political influence. The organization has, for the most part been mute on any negative rating or talk regarding Mexico, as Mexico is seen as a vital trade partner for the U.S

This week Fitch Ratings affirmed Mexico's long-term local-currency and foreign-currency issuer default rating (IDR) at 'BBB-', with a stable rating outlook.

"Mexico's rating is supported by a prudent macroeconomic policy framework, stable and robust external finances, and government debt/GDP projected to remain stable at levels below the 'BBB' median," the rating agency said in a statement.