US Edition
News from energymagazine.mx
Top energymagazine.mx News
Finance · Mexico CityBy Brendan O’Boyle MEXICO CITY (Reuters) -Fitch Ratings upgraded Mexican state energy producer Petroleos Mexicanos’ (Pemex) credit rating to ‘BB’ from ‘B+’ on Tuesday, removing its positive watch status and citing strengthened government support, the agency said in a statement. WHY IT’S IMPORTANT The upgrade to BB, while still below investment grade, reflects the government’s efforts to try to stabilize Pemex, the world’s most indebted energy co…See the Story
Fitch upgrades Pemex’s credit rating to ‘BB’, citing stronger government support
Coverage: 5 sources
AMLO · MexicoMexico has issued $12 billion worth of new debt in a bid to provide support for its troubled oil and gas company, Pemex. The issue matures in 2030 and is denominated in dollars, Bloomberg reported, citing an unnamed source. It is also larger than initial plans, the report said, with initial plans being for up to $10 billion in debt finance. The debt instrument that the government is using is called pre-capitalized notes, whose aim is to help str…See the Story
Mexico Issues $12 Billion in Debt to Prop Up Pemex
67% Center coverage: 3 sources
Protestors · MexicoThe leader of Gremio Gasero Nacional, Enrique Medrano, was arrested last Friday falsely accused of alleged drug trafficking and extortion, so the sector could carry out a work stoppage this Monday to demand his release. Fidel Jiménez, member of the board of directors of the Guild Gasero Nacional, said that the leader was arrested on false charges of extortion and narcomenudeo. "We strongly reject the accusations. We will be demonstrating today p…See the Story
Gas Guild Leader Arrested
Coverage: 2 sources
