Mexico City. Almost two months before the end of its six-year term, Petróleos Mexicanos (Pemex) reports “financial and productive solidity” after reducing its net debt by 25 percent, which represents a payment of 33 billion dollars less, the company said. At the beginning of the current administration, the oil company had a debt of 132.3 … Read more
Mexico Metropolis. Petróleos Mexicanos (Pemex) reported losses of 255,937 million pesos within the second quarter of the 12 months, primarily because of the strengthening of the greenback, whereas complete monetary debt stood at 99,391 million {dollars}, which meant a discount of 1.8 p.c in comparison with the quantity noticed on the finish of 2023, in … Read more
Mexico Metropolis. The outlook for Petróleos Mexicanos (Pemex) in comparison with the state it was in earlier than the federal government of President Andrés Manuel López Obrador is completely different and exhibits solidity, so the following federal administration will end consolidating the adjustments, mentioned Octavio Romero Oropeza, normal director of the state-owned firm in a … Read more
Mexico Metropolis. Fitch has affirmed Mexico’s long-term sovereign debt ranking at BBB-, above funding grade, and highlighted the prudence of macroeconomic insurance policies, the soundness of exterior accounts and the sustainability of public debt relative to GDP, which stays beneath that of comparable economies. Seven ranking companies have thus maintained Mexico’s credit standing this 12 … Read more
Mexico Metropolis. The projected earnings by Petróleos Mexicanos (Pemex) for not less than the subsequent 20 years barely covers 1 / 4 of the corporate’s present debt. Figures that, along with placing the corporate’s monetary sustainability into perspective, present that the power transition has not been addressed as a enterprise alternative for Mexico’s primary public … Read more