US EditionFitch Warns of the Need for Possible Tax Reform in Mexico and the Bankrupt Pemex
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Mexico’s debt will continue to grow over the next few years, and any possibility of financial improvement is conditional on resolving the severe financial crisis facing Petróleos Mexicanos (Pemex), considered qualifier Fitch Ratings. During her participation in the Forum Fitch on Mexico 2025, Shelly Shetty, head of sovereign ratings for America and Asia of [...]
Fitch Ratings urges the Sheinbaum government to consider structural fiscal reform and address Pemex’s impact on Mexico’s sovereign debt. During the Fitch on Mexico 2025 forum, rating agency Fitch Ratings warned that Claudia Sheinbaum’s incoming government will face a complex fiscal situation, with a high deficit and contingent liabilities linked to Pemex, which limit the country’s sovereign rating. Shelly Shetty, head of sovereign ratings for Am…
On Wednesday, President Claudia Sheinbaum was questioned as to whether he was preparing a financial bailout for Pemex, through a “Pemexproa,” with which he would make the company’s debt public. Communist Carlos Pozos cited the information reported by journalist Darío Celis, where he reports that the Mexican government would be risking turning Pemex’s debt into public debt, a measure to remedy “the root” of the financial crisis presented by the o…
Mexico’s debt will continue to grow in the coming years, Fitch Ratings warned this Tuesday, and any possibility of financial improvement will be conditional on solving the problems of Mexican Petroleum (Pemex). “If Pemex were in a better position, and not a source of contingent liability for sovereign debt, Mexico could have had a higher rating than the current one,” assessed Shelly Shetty, the head of Sovereign Ratings for America and Asia. Fro…
Mexico City, June 25 (EFE) – Fitch Ratings warned Tuesday that Claudia Sheinbaum's new administration will have to evaluate whether it requires a structural tax reform in light of the "challenging" and "complex" inherited fiscal situation, the high public deficit, and the pollution that the state-owned Petróleo Mexicanos (Pemex) represents for its balance sheet. During her participation in the Fitch on Mexico 2025 forum in the country's capital…
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