iShares NAFTRAC Falls, Hit by Mexico Credit Downgrade and Global Tensions

The iShares NAFTRAC ETF (NAFTRACISHRS.MX) recorded its second consecutive session of losses on May 22, 2026. This fund replicates Mexico's benchmark S&P/BMV IPC index.

The benchmark index fell 0.64% during the session. The index closed at 67,947.77 units. This decline extended a 0.74% drop from the previous day.

Moody's Ratings downgraded Mexico’s sovereign credit rating to Baa3. S&P Global also revised its outlook for the nation to negative.

Global caution regarding U.S.-Iran negotiations further sidelined investors. These pressures offset positive sentiment from early-May inflation dipping to 0.16%.