...- Despite pressures on inflation and growth, amid global price shocks and increased risk of a U.S. recession, we expect Mexico's cautious fiscal and monetary policy execution to continue during the remainder of the L=pez Obrador administration and the net general government debt ratio to hold fairly steady. - Given the stage of the political cycle and polarization in Congress, we don't expect passage of constitutional initiatives that could weigh on the business climate. - We therefore revised our outlook to stable from negative and affirmed our '###' long-term foreign currency and '###+' long-term local currency sovereign credit ratings on Mexico. - The stable outlook incorporates the complex fiscal challenges at Petr=leos Mexicanos and Comisi=n Federal de Electricidad, cautious sovereign fiscal execution, less uncertainty about energy policy, and advances in trade-related private-sector investment....
