News

Fitch Upgrades Pemex's Credit Rating to 'BB', Citing Stronger Government Support
MEXICO CITY (Reuters) -Fitch Ratings upgraded Mexican state energy producer Petroleos Mexicanos' (Pemex) credit rating to 'BB ...
Fitch eleva calificación de Pemex tras venta de deuda de México
Fitch Ratings elevó la calificación crediticia de Petróleos Mexicanos después de que el Gobierno federal colocara US$12.000 ...
Mexico's Pemex swings to net profit, helped by peso recovery
MEXICO CITY (Reuters) -Mexican state energy company Pemex on Monday reported a net profit of 59.52 billion pesos ($3.17 ...
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Mexico raises $12bn through debt offering to aid state oil company Pemex
Mexico has reportedly placed $12bn (224.29bn pesos) in a debt offering aimed at supporting Petroleos Mexicanos (Pemex), the ...
Mexico pulls in $12 billion to prop up indebted oil producer Pemex
Mexico placed $12 billion in a debt offering to support indebted state oil producer Petroleos Mexicanos (Pemex), the nation's ...
Mexico exports 39% less crude oil in June, lowest level in decades
Mexican state company Pemex exported 39% less crude oil year-over-year in June, reaching the lowest level in decades, ...
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Fitch lifts Pemex’s rating by two notches on Mexico issuance
Fitch Ratings upgraded Petroleos Mexicanos after the government sold $12bn in global debt markets to help shore up the ...
Weatherford wins contract for managed pressure drilling services at Mexico's Trion project
Weatherford was awarded a "significant" contract to deliver managed pressure drilling services for the Trion deepwater oil ...
GlobalCapital2d
Mexico eases Pemex worries with 'unique' P-cap, but long-running problems persist
Mexico issued the $12bn 5.5% 2030s via a special purpose vehicle called Eagle Funding LuxCo, registered in Luxembourg. It ...
GlobalCapital1dOpinion
Well done Mexico, but fix Pemex's ailment, not its symptoms
The bond market has, rightly, applauded Mexico’s complex 'pre-capitalisation' trade for Pemex, its tottering state oil ...
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Pemex posts first quarterly profit in a year despite decline in production
Mexico’s state-owned oil company Pemex reported its first quarterly profit in a year, booking a net profit of 59.52 billion ...
Fitch upgrades PEMEX to ’BB’ from ’B+’ after P-Cap transaction
The upgrade follows Mexico’s successful completion of a $12 billion P-Cap transaction, which strengthened Fitch’s assessment of government support for the state oil company. The rating agency also ...