Pemex has 36% of high risk debt in Latin America

The Mexican oil company concentrates 36% of the 162,000 million dollars of high-risk debt in Latin America, above the second largest debtor, Petrobras, of Brazil, according to data from Moody’s Investors Service. In the coming months, the productive company of the Mexican State will face maturities of papers for more than 3,200 million dollars. The risk rating agency Moody’s maintains Pemex at the Ba2 level, which means that its debt is considered a “junk bond” or that its credit quality is questionable.

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