The ratings agency has downgraded Mexico's ratings outlook from stable to negative. 

• It stated: "The outlook change is driven by our view of a weakening in the policymaking and institutional settings that risks undermining fiscal and economic outcomes".
• The current rating at Baa2, the second-lowest investment rating was maintained.
• Bloomberg noted in terms of other rating agencies: "Fitch Ratings assigns Mexico BBB-, the lowest level above junk, while S&P Global Ratings has it a notch higher. Both have stable outlooks." See this link.