Moody’s Ratings on Wednesday downgraded Mexico’s credit rating to “Baa3” from “Baa2” and revised its outlook to stable from negative, saying weaker fiscal conditions and conflicting policy priorities were undermining its policy credibility. The agency cited a sustained weakening in fiscal strength that accelerated in 2024 and is expected to persist, pointing to “rigid” spending, a “narrow” revenue base, and support for the state-run oil firm Petr