Fallen angel? Pemex’s wings clipped by the bond market
Mexico’s state oil
producer Pemex is on the brink of making history as
the global bond market’s largest “fallen angel” ever, but in the
eyes of the fixed-income world the debt-laden company has
already lost its wings.
producer Pemex is on the brink of making history as
the global bond market’s largest “fallen angel” ever, but in the
eyes of the fixed-income world the debt-laden company has
already lost its wings.
Posted by Reuters
