US EditionMoody’s Puts Possible Review Improvement in Credit Rating to Pemex
13 Articles
13 Articles
Moody's opened the door to review upwards the ratings of Mexican Petroleum (Pemex) – which currently has in B3, a note that is considered high speculative – in response to Pemex's Strategic Plan 2025-2035 announced earlier this month by the oil company and the Energy Secretariat.
Mexico City, 18 Aug (EFE).- The agency Moody’s Ratings put under review for a possible improvement in the rating of Mexican Petroleums (Pemex), following the announcement earlier this month of a strategic plan, with which it is intended that the state company will no longer require financial support from Hacienda by 2027. “Moody’s Ratings (Moody’s) has placed in upward revision the ratings of Mexican Petroleum (Pemex), including the corporate fa…
Moody’s Ratings reviewed the ratings of Mexican Petroleum (Pemex) for a possible improvement, after being presented the Strategic Plan 2025-2035 by the federal government. The oil company’s current credit note is “B3”, with a negative perspective. “The ratings reviewed for its improvement reflect a stronger commitment by the current Mexican government to support Pemex than previously foreseen,” said Roxana Muñoz, Vice President and Senior Credit…
The risk qualifier Moody’s reported this Monday that it will review for its improvement the ratings of Mexican Petroleums (Pemex) a week after the Strategic Plan 2025-2035 for the state oil company was released. Its Moody’s Ratings division, the qualifier will review the corporate CFR family of ‘B3’, CA’s BCA-based credit risk rating, and the senior bond ratings of Pemex’s current notes, “The ratings reviewed for improvement reflect a firmer com…
The rating firm Moody’s Ratings placed Mexican Oils (Pemex) in an upward review following the announcement by the Mexican government of a financial plan to rescue the oil company. A report from the agency at its headquarters in New York indicated that the rating was now being reviewed after the possibility of an improvement. “Moody’s Ratings (Moody’s) has placed the ratings of Mexican Petroleum (Pemex) in upward review, including the corporate f…
The rating agency Moody’s Ratings has put in review for a possible increase in the rating of Mexican Petroleums (Pemex), with a view to raising it from one to two levels from the B3 with a negative perspective that it has today. The change will depend on the details that are reported on the implementation of the Strategic Plan 2025-2030 of the state in the next 60 to 90 days. “The Strategic Plan we believe is something positive from the point of…
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