Mexico Energy Monitor
July 19, 2023
Weighing impacts after Fitch downgrades Pemex
Fitch Ratings issued a downgrade for Mexico’s national oil company Pemex on July 14 from ‘BB-’ to ‘B+’, placing the spotlight once again on the company’s creditworthiness and ability to access funding while holding some US$107 billion in debt. Fitch also set its ‘Rating Watch’ outlook for Pemex at ‘negative’,…
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