Why Did Fitch Downgrade Mexico to 'BBB'?

The video discusses the impact of the US-Mexico trade deal on Mexico's credit rating, highlighting the downgrade due to Pemex's growing liabilities and governance issues. It explores the close relationship between Pemex and the government, noting the company's financial struggles and its effect on national debt. The discussion also covers political risks, such as potential tariffs and trade uncertainties, and evaluates AMLO's fiscal and monetary policies, emphasizing the need for economic growth and stability.

What potential risks does Mexico face in relation to external political factors?

How has the new government's fiscal policy been characterized in the text?

What role does the oil sector play in Mexico's economy as per the text?