Mexico may have missed a chance to shore up the finances of its heavily indebted state oil company Petróleos Mexicanos (Pemex), according to credit ratings analysts at Fitch Ratings Inc. “Elevated oil prices in 2022 were a lost opportunity to materially improve” Pemex’s standalone credit profile or SCP, said Fitch analysts Saverio Minervini and Carlos…
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Moody’s Considering Pemex Ratings Upgrade
A subsidiary of Moody’s Investors Service Inc. is considering upgrading the rating of Mexico’s state-owned petroleum company, Petroleos Mexicanos (Pemex), following the Mexican government’s decision to reform its energy policies.
February 7, 2014
U.S. Gas Exports to Mexico Slated to Double by 2016, Says Barclays
Mexico is greatly expanding its natural gas pipeline and gas-fired power infrastructure while in the upstream sector, state-controlled Petroleos Mexicanos (Pemex) focuses on more-lucrative oil and allows non-associated gas production to dwindle. Increasingly, it will be gas from U.S. shales that comes to the country’s rescue.
October 4, 2013