With fates intertwined, Mexico and Pemex face downgrade risk in 2020
Mexico threw troubled state
oil company Pemex a lifeline in 2019 to stop $80 billion in
bonds held by investors worldwide being labeled junk by credit
rating agencies. Now, investors worry that the state itself is a
risk for Pemex.
oil company Pemex a lifeline in 2019 to stop $80 billion in
bonds held by investors worldwide being labeled junk by credit
rating agencies. Now, investors worry that the state itself is a
risk for Pemex.
Posted by Reuters
