Back

LatinNews Daily - 18 July 2019

In brief: Moody’s urges more investment in Pemex

* Credit ratings agency Moody’s Investor Services has said that the Mexican government should significantly increase financial support for state-owned oil company Petróleos Mexicanos (Pemex). In a statement circulated in the media the day after the government led by President Andrés Manuel López Obrador unveiled a new business plan for Pemex, Moody’s said that the government would have to increase its financial support to Pemex significantly for the national oil company to increase its capital investment to levels needed to fully replace its reserves”. Meanwhile the Mexican stock exchange (BMV) fell by 1.01% yesterday (17 July) following the unveiling of the new Pemex business plan.

End of preview - This article contains approximately 106 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.