On November the 12th, the rating agency Moody's lowered the issuer ratings of the state of Guerrero as
well as its assessment of the base credit risk and the debt ratings, changing
the outlook from negative to stable, this because it is expected that total
debt levels will remain low and that stress liquidity begins to decline after
paying off short-term debt in 2021
Moody’s
is an international credit rating agency or ‘rating’ that analyzes commercial
and governmental entities. They can evaluate the quality of the debt of a country
or a financial institution.
The
downgrade of the issuer ratings primarily reflects the weakening of operating
balance sheets and the expectation that liquidity, which has declined, will
eventually stabilize below the levels observed in previous periods.
This
could lead to the confidence of investors to be strengthened with what could be
a greater flow of foreign capital in the area in the coming months.
Guerrero
has a poor regional economy that depends to some extent on tourism, an industry
that is sensitive to the economic effects of the pandemic, so at this time it
needs to be lifted with the entry of FDI in order to strengthen itself after
the pandemic.
POST BY: SERGIO ENRIQUE LEON DE LA CRUZ
https://www.eleconomista.com.mx/estados/Moodys-baja-calificaciones-a-Guerrero-20201112-0128.html
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