Standard & Poor's credit rating for Mexico stands at BBB with negative outlook. Moody's credit rating for Mexico was last set at Baa1 with negative outlook. Fitch's credit rating for Mexico was last reported at BBB- with stable outlook. DBRS's credit rating for Mexico is BBB with negative 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.


AgencyRatingOutlookDate
DBRSBBB Negative May 06 2020
Moody'sBaa1 Negative Apr 17 2020
FitchBBB- Stable Apr 16 2020
S&PBBB Negative Mar 26 2020
DBRSBBB (high) Negative Dec 19 2019
Moody'sA3 Negative Jun 05 2019
FitchBBB Stable Jun 05 2019
S&PBBB+ Negative Mar 01 2019
FitchBBB+ Negative Oct 31 2018
Moody'sA3 Stable Apr 11 2018
FitchBBB+ Stable Aug 03 2017
S&PBBB+ Stable Jul 19 2017
S&PBBB+ Negative Aug 23 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
DBRSBBB Positive Feb 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
DBRSBBB Stable Jul 28 2006
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&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 62
CCC+ Caa1 CCC 21
CCC+ Ca CCC CCC 15
Ba3 B+ 16
BBB+ BB 55
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 48
BB Ba2 50
B+ B2 B+ 35
BB- Ba3 BB- 40
B- Caa1 22
B B3 B 28
AA Aa3 AA- AA (high) 86
CCC+ Caa1 14
B+ B2 B 31
A+ A2 N/A 78
B+ B2 B 33
B B3 27
BBB+ A2 70
BB- Ba2 BB- BB (low) 42
BBB Baa1 BBB 60
B 25
N/A B2 30
B- B2 B 28
AAA Aaa AA+ AAA 100
B B- 27
Aa3 85
A+ A1 A- N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB- BBB 57
CCC+ Caa1 20
B B2 B 31
BBB- Ba2 BBB- 51
Caa2 15
BBB- Ba2 BBB- BBB (low) 50
AA- Aa3 AA- 83
AAA Aaa AAA AAA 100
BB- Ba3 BB- 40
B- Caa3 B- 18
B B2 B+ 30
B- B3 B- 25
AA- A1 AA- AA (low) 83
B B2 B 30
AA Aaa AAA AAA 98
BB- Ba3 40
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AA (high) 92
N/A Caa1 CCC 26
BB Ba2 BB 45
AAA Aaa AAA AAA 100
B- B3 B 23
BB- B1 BB BB (low) 37
SD
BB- Ba1 BB- 45
BB- B1 35
AA+ Aa3 AA- 90
BBB Baa3 BBB 58
A A2 A 75
BBB- Baa3 BBB- BBB 56
BBB Baa2 BBB 60
B- Caa1 B- 23
AA- A2 A+ A (high) 78
N/A Aa3 90
AA- A1 A+ 81
BBB Baa3 BBB- BBB (high) 61
Ba3 B+ 37
B+ B2 B+ 33
A+ A1 A A (high) 77
B+ B1 BB- 36
BBB- Baa3 BBB 56
B+ B2 B+ 33
AA- A1 AA 88
NR B2 30
Caa2 CCC 20
A+ A3 A- A (low) 73
D C RD 11
B 30
AAA 100
A+ A3 A A 75
AAA Aaa AAA AAA 100
Aa3 AA 87
BB- BB+ 45
A- A3 A- 70
B3 B 30
Caa1 25
A- A2 A+ A (high) 75
Baa1 65
BBB Baa1 BBB- BBB 60
B3 25
B B3 B 28
B+ B1 35
BBB- 55
BBB- Ba1 BB+ 53
CCC+ Caa2 CCC 14
Ba2 BB 45
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B3 B- 25
B3
B- B2 B 28
AAA Aaa AAA AAA 99
B+ Ba3 BB- 40
B- B3 B- 25
BBB+ Baa1 BBB 63
B- B2 30
BB Ba1 BB+ 46
BBB+ A3 BBB+ N/A 65
BBB+ Baa2 BBB 61
A- A2 A- A 71
BBB Baa3 BBB BBB (high) 71
D 0
AA- Aa3 AA- 85
CCC+ Caa2 CCC 20
BBB- Baa3 BBB- 55
BBB- Baa3 BBB 55
B+ B2 B+ 33
BB+ 55
A- A1 A 75
B+ Ba3 37
BB+ Ba3 BB+ 46
B+ 45
AAA Aaa AAA AAA 98
A+ A2 A A (high) 76
AA- A3 A A (high) 75
B3 25
BB- Ba1 BB 46
AA Aa2 AA- 86
A Baa1 A- A 71
B- Caa1 B- 26
B3 25
CCC Caa3 CC 16
B3 30
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3 25
B2 35
BBB+ Baa1 BBB+ 65
B B3 30
BBB- Ba1 52
N/A B2 B 30
B+ B2 BB- BB (high) 36
B B2 B+ 31
B B3 B 26
AA Aa2 AA 90
AA Aa3 AA- AAA 91
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
BB- B1 BB- 38
SD WR RD 11
BB Ba3 BB 43
SD Ca C 30


Credit Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring 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