Risks for the Mexico 2030 Plan
The uncertainty over the review of the Treaty between Mexico, the United States and Canada (T-MEC) could complicate the arrival of private capital to the country. Fitch Ratings warned that this scenario would also increase the financial burden of Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) within the framework of the Mexico 2030 Plan.
The rating agency indicated that, for now, it does not foresee a direct negative impact on the credit ratings of Mexican companies due to a possible lack of renewal of the agreement. However, lower investor appetite would limit private sector participation in strategic infrastructure projects.
This would put greater pressure on the finances of state companies, since they would depend more on public resources to meet the goals of the development plan. Fitch highlighted that the stability of the T-MEC is key to maintaining market confidence and ensuring investment flows.
The Mexico 2030 Plan seeks to strengthen energy sovereignty and modernize infrastructure. But without the certainty of the treaty, the goals would be more difficult to achieve with the resources available.




