‘Unsustainable’: Mexico’s Pemex buckling under crushing pension debt
Straining under a massive
debt load and at risk of a ratings downgrade, Mexican state oil
company Petroleos Mexicanos (Pemex) was hit with a record jump
in its pension liabilities last year as more workers retired on
generous benefits.
debt load and at risk of a ratings downgrade, Mexican state oil
company Petroleos Mexicanos (Pemex) was hit with a record jump
in its pension liabilities last year as more workers retired on
generous benefits.
Posted by Reuters
