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LatinNews Daily - 19 July 2019

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In brief: Moody’s says no change after Mexico’s latest plan for Pemex

* Senior Vice President of creit rating firm Moody’s, Peter Speer, has said that the latest plan unveiled by the Mexican government led by President Andrés Manuel López Obrador for the state-owned oil company Petróleos Mexicanos (Pemex) does not affect Moody’s latest ratings of Pemex, which were recently downgraded with the outlook changing from 'stable' to 'negative' on 5 June. In a Tweet, Speer said that the plan did provide more clarity regarding government support for Pemex in 2020 but added that if the company’s “performance is much worse than expected it could impact the rating this year”. Meanwhile the Mexican stock exchange (BMV) fell by 2.19% yesterday.