US EditionPemex Closes the Year Well: Fitch Ratings Improves Its National Rating to $Aa''
4 Articles
4 Articles
The Fitch Ratings agency awarded an improvement in national rating to Petróleos Mexicanos (Pemex) by placing it in “AA”, with a stable perspective. This, justified by its link with the Mexican State. It was on March 31, 2021 when the qualifier withdrew the long and short-term ratings on Pemex national scale, which were in “A”, with a negative perspective; and “F1(mex)”, respectively, for commercial reasons. However, it is now three steps up from…
Fitch raised Pemex’s national rating to “AA” with a stable perspective, thanks to fiscal support and reforms that share a debt ceiling with the Treasury. Fitch Ratings gave Mexican Petroleum (Pemex) a long-term national rating in “AA(mex)” with a stable perspective, a high step within the local scale, supported mainly by the strengthening of the financial and legal link between the oil company and the Mexican State. This action is consistent wit…
The financial situation of Petróleos Mexicanos (Pemex) is so pressing and the objective of the federal government to achieve energy self-sufficiency is complicated by support in the financial markets and a production with weakness. In the midst of this scenario, the qualifiers gave their vote of confidence, even Fitch Ratings raised the rating of Pemex to ‘AA’ with stable perspective, from the ‘A’ with a negative perspective that it held in 31 M…
The US qualifier Fitch Ratings improved the long-term national rating of Mexican Petroleums to 'AA', with a stable perspective, after the Ministry of Finance and Public Credit assumed part of its debt. Through its report, it explained that an offer was launched to buy back $9.9 billion corresponding to eight issues of Pemex's debt, an operation that was financed with resources from the Ministry of Finance, an action that confirms the support of …
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
