Ratings agency Standard & Poor's on Monday slashed the stand-alone credit p...
MEXICO CITY - Ratings agency Standard & Poor’s on Monday slashed the stand-alone credit profile of Petroleos Mexicanos to ‘B-‘ from ‘BB-‘, piling pressure on the Mexican government to tighten up the debt-laden state oil firm’s finances.
The peso currency was slightly weaker on Monday after the S&P moves, which followed a string of warnings about Pemex’s financial health. At 2:32 p.m. ET , the peso was trading down by 0.41 percent against the dollar. Mexican President Andres Manuel Lopez Obrador has pledged to revive Pemex, which had financial debt of nearly $106 billion at the end of 2018, and is struggling with declining production.
S&P said on Monday that Pemex could require at least $20 billion over multiple years to avoid “further deterioration.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mexico's Pemex eyes new oilfields after another year of big lossesMexico's national oil company Pemex narrowed its multibillion-dollar losses...
Weiterlesen »
Mexico faces possible downgrade in coming year, negative outlook: S&PThe Mexican government faces a one-in-three chance of having its credit rating d...
Weiterlesen »
State Department offers $1M reward for information on Osama bin Laden's sonHamza bin Laden, an emerging leader in Al Qaeda, was labeled a 'specially designated global terrorist' in January 2017.
Weiterlesen »
State Department offers $1 million for information on Osama bin Laden’s sonThe U.S. says Hamza bin Laden is emerging as al-Qaeda's new leader -- and is seeking revenge for his father's killing.
Weiterlesen »
Venezuela's Maduro moves an office of state oil company to Moscow: VPVenezuelan Vice President Delcy Rodriguez said after talks with Russian Foreign ...
Weiterlesen »
The secretive life of Hamza bin Laden, son of Osama bin Laden, who waged jihad from age 12 and whose capture is worth $1 million to the US governmentHamza bin Laden was being groomed to take over from Osama, until his father's death at the hands of US SEAL Team 6 in 2011. Here's what we know.
Weiterlesen »
Saudi Arabia strips Osama bin Laden's son of citizenshipSaudi Arabia has stripped citizenship from Hamza bin Laden, the son of slain al Qaeda leader Osama bin Laden, the interior ministry said in a statement published by the official gazette. The U.S. State Department said on Thursday it was offering a reward of up to $1 million for information leading &
Weiterlesen »
Saudi Arabia strips Osama bin Laden's son of citizenshipSaudi Arabia has stripped citizenship from Hamza bin Laden, the son of slain al ...
Weiterlesen »