Fitch Says U.S. Tariffs Exacerbate Macro Concerns For Mexican Corporates

March 5 (Reuters) - FITCH:

• FITCH: U.S. TARIFFS EXACERBATE MACRO CONCERNS FOR MEXICAN CORPORATES

• FITCH: DIVERSIFIED INDUSTRIALS AND AUTOS SECTORS IN MEXICO WILL BE MORE DIRECTLY AFFECTED BY NEW 25% U.S. TARIFFS IMPOSED ON MEXICAN GOODS

• FITCH: CONTINUED CURRENCY DEPRECIATION WOULD HAVE MORE IDIOSYNCRATIC EFFECTS FOR MEXICAN CORPORATES

• FITCH: MEXICAN SUPPLIERS WILL LIKELY PASS ALONG INCREMENTAL COSTS OF TARIFFS TO OEM CUSTOMERS, WHO WILL RAISE PRICES TO COMPENSATE

• FITCH: DOES NOT EXPECT MEXICAN AUTO INDUSTRY TO COMPLETELY REORIENT SUPPLY CHAINS TO AVOID U.S. TARIFFS