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On May 20, 2026, the credit rating agency Moody's downgraded Mexico's sovereign rating to its lowest level of "investment grade", right above "junk" status. Only a few days earlier, Standard & Poor’s Global Ratings (S&P) had revised its outlook on Mexico from "stable" to "negative". While this might sound like a dry topic meant only for Wall Street and economists, the reality is far closer to home. This kind of financial warning can directly trigger a drop in the Mexican peso