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S&P Downgrades Mexico's Credit Outlook Amid Fiscal Deterioration

S&P Global Ratings shifted Mexico's credit outlook to negative from stable, signaling concerns over the country's mounting fiscal challenges. The ratings agency maintained Mexico's BBB credit rating, placing it two notches above junk status and level with Indonesia and Greece. The outlook revision reflects persistent weakness in government finances, rising debt levels, and weak economic growth. The negative outlook flags downgrade risk if fiscal conditions do not improve, though Mexico retains investment-grade standing for now.