Pemex bonds crushed on Fitch downgrade, fears of more to come
Investors stampeded from bonds issued by
Mexico’s state oil firm Pemex on Friday after Fitch Ratings cut
the company’s credit rating to “junk,” driving yields up on some
bonds by the most since oil prices were cratering more than
three years ago.
Mexico’s state oil firm Pemex on Friday after Fitch Ratings cut
the company’s credit rating to “junk,” driving yields up on some
bonds by the most since oil prices were cratering more than
three years ago.
Posted in: http://feeds.reuters.com/reuters/UKBankingFinancial
