Rating Agencies Reaffirm Mexico's BBB Rating with Stable Outlook; Bitcoin Surpasses $95,000

Two key news items stand out in the financial landscape this Saturday, May 3: the reaffirmation of Mexico's credit rating by international agencies and the continued upward momentum in the cryptocurrency market, led by Bitcoin.

Rating agencies KBRA and DBRS Morningstar have reaffirmed Mexico's long-term foreign-currency sovereign debt rating at 'BBB', maintaining a 'Stable' outlook. This decision, announced today, underscores confidence in the country's macroeconomic strength despite a challenging global environment and trade tensions.

• KBRA's arguments: He highlighted the resilience of the Mexican economy to U.S. trade policies, thanks to domestic macroeconomic strength and the certainty of the USMCA. He highlighted fiscal prudence, the credibility of the Bank of Mexico's monetary policy, a well-capitalized financial system, and a flexible exchange rate as buffers.
• DBRS's arguments: It considered that Mexico will be able to cope with short-term economic uncertainty, supported by a prudent fiscal policy and an autonomous central bank. Both agencies acknowledged the risk that tariffs pose to growth, but see opportunities in North American economic integration and the revision of the USMCA in 2026 to attract investment. The Mexican Treasury indicated that these ratifications will allow the country to continue accessing financing under favorable terms. This comes on top of positive news such as the 1.3% increase in remittances during the first quarter of 2025.

The cryptocurrency market is experiencing a period of optimism. Bitcoin (BTC) surpassed the $95,000 mark this Saturday, trading around $96,856 in the morning (ET), representing a 63.8% increase year-over-year.

• Rally Drivers: Analysts attribute this rally to a combination of growing institutional investment (MicroStrategy increased its holdings), positive on-chain analytics (OBV indicators, whale activity), and macroeconomic factors driving the search for alternative assets.
• Ambitious 2025 Predictions: Projections for the end of 2025 vary widely, but are mostly bullish. Fundstrat and Anthony Pompliano are targeting $250,000 USD, 21st Capital a range of $135,000-$285,000 USD, and Larry Fink (BlackRock) suggests $700,000 USD if the institutional allocation reaches 2-5%.
• Platforms and Opportunities: Platforms like BexBack offer high leverage (100x) crypto derivatives trading and deposit bonuses to attract traders in this volatile market, although they warn about the risks.

“The reaffirmation of Mexico's rating reflects internationally recognized prudent macroeconomic management, while the rise of Bitcoin demonstrates the growing institutional and retail interest in digital assets as an alternative store of value.” Financial Economist.

• Interest Rates: The recent stronger-than-expected U.S. jobs report has dampened expectations of imminent interest rate cuts by the Federal Reserve.
• Argentine Market: The Blue Dollar in Argentina was trading at $1,165/$1,185 (buy/sell), maintaining a 2% gap with the Official Dollar ($1,140/$1,190). The Blue Dollar is down 10% compared to the previous month but up 14% so far this year.
• Consumer Prices: In the U.S., egg prices are reported to have dropped nationwide, attributed to improvements in poultry biosecurity and lower demand.

In short, the financial sector in Mexico shows macroeconomic stability, recognized by rating agencies, while the crypto market is experiencing strong bullish momentum led by Bitcoin, attracting both institutional investors and platforms seeking to capitalize on the interest with leveraged trading offerings.

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