Mexico | Credit Rating

Standard & Poor's credit rating for Mexico stands at BBB+ with stable outlook. Moody's credit rating for Mexico was last set at A3 with negative outlook. Fitch's credit rating for Mexico was last reported at BBB+ with stable outlook. . In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Mexico thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Mexico as reported by major credit rating agencies. 7/24/2016


AgencyRatingOutlookDate
TE60 Stable Apr 16 2016
Moody'sA3 Negative Mar 31 2016
DBRSBBB(high) Stable Mar 31 2014
Moody'sA3 Stable Feb 05 2014
S&PBBB+ Stable Dec 19 2013
FitchBBB+ Stable May 08 2013
S&PBBB Positive Mar 12 2013
S&PBBB Stable Dec 14 2009
FitchBBB Stable Nov 23 2009
S&PBBB+ Negative May 11 2009
FitchBBB+ Negative Nov 10 2008
S&PBBB+ Stable Oct 08 2007
FitchBBB+ Stable Sep 19 2007
S&PBBB Positive Jul 02 2007
FitchBBB Positive Mar 29 2007
FitchBBB Stable Dec 07 2005
S&PBBB Stable Jan 31 2005
Moody'sBaa1 Stable Jan 06 2005
Moody'sBaa2 Positive Mar 12 2003
S&PBBB- Stable Feb 07 2002
Moody'sBaa2 Stable Feb 06 2002
FitchBBB- Stable Jan 15 2002
Moody'sBaa3 Positive Sep 04 2001
FitchBB+ Positive Sep 21 2000
FitchBB+ N/A May 03 2000
FitchBB Negative Watch Apr 11 2000
S&PBB+ Positive Mar 13 2000
Moody'sBaa3 Stable Mar 07 2000
Moody'sBa1 Positive Watch Feb 02 2000
S&PBB Positive Sep 15 1999
Moody'sBa1 Positive Aug 10 1999
Moody'sBa2 Positive Watch Jun 21 1999
Moody'sBa2 Stable Jun 09 1999
Moody'sBa2 Negative Feb 10 1999
S&PBB Stable Oct 02 1998
Moody'sBa2 Negative Watch Sep 03 1998
S&PBB Positive Sep 02 1997
S&PBB Stable Sep 03 1996
S&PBB Negative Feb 28 1996
FitchBB N/A Aug 30 1995
S&PBB+ Negative Mar 23 1995
S&PBB+ Stable Feb 10 1995
S&PBB+ N/A Dec 23 1994
S&PBB+ Positive Nov 18 1993
S&PBB+ Stable Jul 30 1992
Moody'sBa2 Stable Dec 18 1990

 S&P Moody's Fitch TERating
B+ Stable B1 Stable   35
BBB- Negative   BBB Stable 65
B Stable B1 Negative B+ Negative 41
B- Stable B3 Stable B Stable 15
  B1 Stable B+ Stable 43
BBB+ Positive   BBB- Stable 63
AAA Negative Aaa Stable AAA Stable 97
AA+ Stable Aa1 Negative AA+ Stable 96
BB+ Stable Ba1 Negative BB+ Negative 55
BBB- Negative Baa2 Negative Watch   65
BB Stable Ba2 Negative BB+ Stable 60
BB- Stable Ba3 Stable BB- Stable 40
B Negative Caa1 Stable   53
B- Stable Caa1 Stable B- Stable 25
AA Stable Aa3 Stable AA Negative 88
B- Stable Caa2 Stable   25
N/A N/A   N/A N/A 30
A+ Stable A2 Stable N/A N/A 91
BB Stable Ba3 Negative BB- Stable 38
B Stable B3 Stable   28
A- Negative A2 Stable   73
BB Negative Ba2 Negative BB Negative 34
BB+ Stable Baa2 Stable BBB- Stable 53
B- Positive     30
N/A N/A B2 Stable   30
B Stable   B Stable 30
AAA Stable Aaa Stable AAA Stable 99
B Negative   B Stable 35
  Aa3 Stable   85
AA- Stable Aa3 Stable A+ Stable 78
AA- Negative Aa3 Negative A+ Stable 80
BBB Negative Baa2 Stable BBB Stable 52
B- Negative B3 Stable   25
BB- Negative Ba1 Negative BB+ Negative 50
BB Negative Ba2 Negative BB Negative 45
  Caa2 Positive   20
BB- Positive B1 Stable B+ Positive 36
AA- Stable A1 Stable A+ Stable 81
AAA Stable Aaa Stable AAA Stable 100
BB- Stable B1 Positive B+ Positive 36
B Stable B3 Stable B Stable 29
B- Negative B3 Stable B Stable 28
B+ Stable Ba3 Negative B+ Stable 41
AA- Stable A1 Stable A+ Stable 81
B Stable B1 Stable B Stable 31
AA Stable     99
B+ Stable B1 Positive   33
AA+ Negative Aa1 Stable AA+ Stable 96
AA Negative Aa2 Stable AA Stable 90
B Stable B1 Negative B+ Negative 40
BB- Stable Ba3 Stable BB- Stable 38
AAA Stable Aaa Stable AAA Stable 100
B- Stable B3 Negative B Negative 31
B- Stable Caa3 Stable CCC N/A 10
SD Negative    
BB Stable Ba1 Stable BB Stable 49
B+ Positive B2 Positive   33
AAA Negative Aa1 Negative AA+ Stable 95
BB+ Stable Ba1 Positive BBB- Stable 47
BBB+ Stable Baa2 Positive Watch BBB+ Stable 55
BBB- Stable Baa3 Positive BBB- Stable 48
BB+ Positive Baa3 Stable BBB- Stable 46
B- Stable   B- Negative 25
A+ Stable A3 Positive A Stable 70
N/A N/A Aa1 Negative   98
A+ Stable A1 Stable A Positive 76
BBB- Stable Baa2 Stable BBB+ Stable 60
  Ba3 Stable B+ Stable 38
B Stable Caa2 Positive B Stable 24
A+ Stable A1 Stable A Negative 78
BB- Negative B1 Stable   45
BBB- Negative Baa3 Negative BBB Stable 61
B+ Negative B1 Stable B+ Negative 20
AA Stable Aa2 Negative AA Stable 90
B Stable B2 Stable   30
A- Stable A3 Stable A- Stable 69
B- Negative B2 Negative B- Stable 31
    B+ Stable 40
AAA Stable     100
A- Stable A3 Stable A- Stable 69
AAA Stable Aaa Stable AAA Stable 100
  Aa3 Negative AA- Stable 88
BB- Stable   BB+ Negative 48
A- Stable A3 Stable A- Stable 66
BBB+ Positive A3 Stable A Stable 74
  Baa1 Stable   65
BBB+ Stable A3 Negative BBB+ Stable 60
  B3 Negative   25
B Stable B2 Negative B Stable 36
B+ Negative B1 Negative   40
BBB- Stable     55
BBB- Stable Ba1 Stable BBB- Stable 54
CCC Negative Watch Caa3 Negative CC N/A 30
  Baa3 Stable BBB- Stable 55
AAA Stable Aaa Stable AAA Stable 100
AA Stable Aaa Stable AA Stable 90
B+ Stable B2 Stable B+ Stable 33
B+ Negative B1 Stable B+ Stable 28
AAA Negative Aaa Stable AAA Stable 99
BBB- Stable Baa1 Stable   78
B- Positive B3 Stable B Stable 19
BBB Stable Baa2 Stable BBB Stable 60
B+ Negative B2 Stable   35
BB Stable Ba1 Stable BB Stable 41
BBB+ Positive A3 Stable BBB+ Stable 60
BBB Stable Baa2 Stable BBB- Positive 53
BBB+ Negative A2 Negative A- Stable 67
BB+ Stable Ba1 Stable BB+ Stable 44
D Negative     0
AA Stable Aa2 Negative AA Stable 87
B- Stable B2 Negative B Negative 30
BBB- Stable Baa3 Positive BBB- Stable 52
BB+ Negative Ba1 Negative BBB- Negative 43
B+ Negative   B+ Stable 30
    BBB Negative 65
A- Stable A1 Stable AA- Negative 86
B+ Stable B1 Positive   35
BB- Stable B1 Positive BB- Stable 36
    BB- Stable 30
AAA Stable Aaa Stable AAA Stable 98
A+ Stable A2 Stable A+ Stable 80
A Stable Baa3 Stable BBB+ Positive 61
  B3 Stable   25
BBB- Negative Baa2 Negative BBB- Stable 49
AA- Stable Aa2 Stable AA- Stable 84
BBB+ Stable Baa2 Stable BBB+ Stable 62
B+ Negative B1 Negative B+ Negative 38
  B3 Stable   25
B+ Negative B1 Stable B+ Negative 39
AAA Stable Aaa Stable AAA Stable 99
AAA Stable Aaa Stable AAA Stable 100
AA- Stable Aa3 Stable A+ Positive 82
BBB+ Stable Baa1 Stable BBB+ Stable 63
A- Negative Baa3 Negative   68
BB- Negative Ba3 Stable BB- Negative 44
BB Negative Baa3 Negative Watch BBB- Stable 44
B Stable B1 Negative B+ Stable 33
B- Stable Caa3 Stable CCC N/A 15
AA Stable Aa2 Negative AA Stable 90
AA Negative Aa1 Negative AA Negative 95
AA+ Stable Aaa Stable AAA Stable 97
BBB Negative Baa2 Negative BBB- Stable 56
CCC Negative Caa3 Negative CCC N/A 5
BB- Stable B1 Stable BB- Stable 29
B Negative B3 Negative B Negative 34


Ratings

The Trading Economics credit rating (TE Rating) scores the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com

TE S&P Moody's Fitch  
100 AAA Aaa AAA Prime
95 AA+ Aa1 AA+ High grade
90 AA Aa2 AA
85 AA- Aa3 AA-
80 A+ A1 A+ Upper medium grade
75 A A2 A
70 A- A3 A-
65 BBB+ Baa1 BBB+ Lower medium grade
60 BBB Baa2 BBB
55 BBB- Baa3 BBB-
50 BB+ Ba1 BB+ Non-investment grade
speculative
45 BB Ba2 BB
40 BB- Ba3 BB-
35 B+ B1 B+ Highly speculative
30 B B2 B
25 B- B3 B-
20 CCC+ Caa1 CCC Substantial risks
15 CCC Caa2 Extremely speculative
10 CCC- Caa3 In default with little
prospect for recovery
  CC Ca
5 C C
0 D / DDD In default
/ DD
D