Fitch Ratifies Pemex BB+ Rating and Maintains Stable Perspective
4 Articles
4 Articles
Qualifier Fitch confirmed Pemex's rating in BB+ and maintains a stable perspective.
Pemex received the ratification of the long-term international rating in 'BB+', as well as its national rating in 'AA (mex)'. Pemex's financial structure publication remains weak despite Claudia Sheinbaum's government efforts: Fitch first appeared in the CEO.
Fitch Ratings ratified the long-term international ratings for Mexican Petroleum (Pemex) in “BB+” with a stable perspective, as well as its national note in “AA (mex)”, also with a stable perspective. The oil company noted that the decision “defines a positive credit trajectory” and recognizes advances in the financial and operational strengthening of the company. Fitch had [...] The Fitch position supports Pemex and highlights financial and ope…
Reading time approx.: 2 minutes, 26 secondsIn the same way, he affirmed in "AA(mex)" the rating of the oil company at national level, which, according to his methodologies, " translates into a reduction of two steps" compared to Mexico's sovereign rating at local level, implicitly of "AAA" or of "very high credit quality." The agency anticipates a reduction in the leverage of the company from 8 to 4 times between 2025 and 2025, "backed by the hi…
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