MXFitch Ratings warns that uncertainty surrounding annual reviews of the United States-Mexico-Canada Agreement (USMCA/T-MEC) could hinder private investment in Mexico, forcing state-owned enterprises Pemex and CFE to take on a larger share of investments under the Plan México 2030. The agency notes that while it does not expect non-renewal of the USMCA to directly harm Mexican companies' credit ratings, the commercial uncertainty has already weakened business confidence over the past two years due to concerns about judicial reforms and reduced investor protections. This environment limits private participation in infrastructure projects outlined in the Plan México 2030, which includes $5.6 trillion in planned investments across approximately 1,500 projects, with energy and transportation making up the majority. Fitch highlights that both Pemex and CFE face financial risks if they become the main drivers of these investments, especially since Pemex continues to rely heavily on government support despite recent improvements in oil prices.
Bias read (Center): The article presents a balanced report on Fitch Ratings' assessment of potential economic impacts related to the T-MEC review and its implications for state-owned enterprises. It does not exhibit overtly biased language, one-sided sourcing, or editorializing. The content focuses on economic risk and
