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Fitch Forecasts Pemex Oil, NatGas Output to Fall for Up to Five Years

Fitch Ratings last week lowered by two notches the long-term foreign and local-currency issuer default ratings (IDRs) for Mexican national oil company Petróleos Mexicanos (Pemex) to ‘BBB-’ from ‘BBB+’, and downgraded Pemex’s national long-term ratings to ‘AA (mex)’ from ‘AAA (mex)’, with a negative rating outlook. Read More