President Claudia Sheinbaum criticized Moody's, insisting ratings agencies harbor biases against her party's policies and economic model, established since 2018.
Moody's downgraded Mexico's debt outlook, citing potential legal reforms that may undermine judicial independence, alongside rising debts threatening the economy.
The administration’s spending increases, coupled with debts from Pemex, contribute to federal budget deficits around 6% of GDP for 2024.
Critics fear proposed judiciary changes could lead to a judicial system influenced by political pressures or criminal organizations funding judges' campaigns.
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