Credit challenges in Mexico and worsening prospects for the Chinese property sector

Original publish date: April 29, 2020

Inside this episode:

• Ariane Ortiz-Bollin of the Sovereign team and Nymia Almeida of the Corporates team discuss the factors behind our recent rating downgrades of the Mexican sovereign and domestic energy giant PEMEX. 
• Insights from Franco Leung of the Corporates team on the weaker operating environment for China’s property sector, one of the most active segments in emerging Asia debt markets.​​​​

Related content:

1. Government of Mexico – Baa1 negative; update following rating downgrade to Baa1, outlook negative
2. Rating Action: Moody's downgrades PEMEX's ratings to Ba2; negative outlook
3. Outlook turns negative; but most rated developers are stronger than broad sector
4. Moody's Emerging Markets Focus