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In the following years public finances will continue to be pressured by the payment of pensions still remaining from the pay-as-you-go old system, guaranteed pensions and capital injections to Pemex.
The number of alerts about the possibility that Mexico's credit rating falls below investment grade has grown in recent weeks. I believe that, in the absence of significant measures, this will happen either next year or in 2022.
This week we received good news about the vision that the rating agencies have of the Colombian economy: Fitch Ratings maintained its BBB rating with a stable outlook.
