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LatinNews Regional Monitor: Mexico - 30 May 2019

In brief: Mexico

* Credit ratings agency Fitch Ratings has issued a statement describing a recent reduction in taxes for Mexico’s state-owned oil company Pemex as a step in the right direction but insufficient to stabilise the company’s credit rating. On 24 May, the Mexican government approved fiscal measures which represent tax relief of US$1.1bn for Pemex.

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