In recent weeks, the banking sector in Mexico has been highlighted at various federal government events due to its significant contributions to the economy. Banks are crucial for financing government projects and supporting sectors like small and medium enterprises (SMEs), which continue to rely heavily on suppliers and family for financial support. However, the sector is now grappling with a series of regulatory and fiscal changes introduced by the Secretariat of Finance and Public Credit under Edgar Amador, which have negatively impacted the industry’s outlook.

Moody's, a leading credit rating agency with operations in Mexico led by Carlos Díaz de la Garza, has confirmed these concerns, maintaining a negative outlook for Mexico's banking system. The agency's assessment reflects the challenges presented by a weak economic environment, which constrains banks' ability to lend, particularly to the SMEs that require more accessible credit options. Given that these smaller enterprises are vital to the economy, the deterioration in credit availability could have far-reaching implications for economic growth and stability.

Overall, the interplay of regulatory changes and an increasingly challenging economic landscape puts considerable pressure on Mexico's banking sector, raising concerns about its ability to adapt and recover. As the government seeks to stimulate growth through investment in various projects, the reliance on banks to provide loans may hinder progress if the conditions for lending do not improve, potentially stifacing the growth of critical sectors like SMEs.