Mexico's Drug War Creates `Medium-Term' Risk for Debt Rating, Moody's Says
Increasing drug prohibition violence in Mexico poses a risk to the nation’s credit rating in the “medium term†and may threaten economic growth. The violence is shaving 1.2 percentage points off the economy annually, Finance Minister Ernesto Cordero said today. Moody’s probably won’t downgrade the country before President Felipe Calderon’s term ends in 2012.
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