Mexico | The measures announced today do not solve Pemex’s structural problems
Published on Friday, February 15, 2019 | Updated on Monday, February 18, 2019
Mexico | The measures announced today do not solve Pemex’s structural problems
Summary
Financial support from the federal government will buy time, but Pemex's credit rating remains at risk. In January, Fitch downgraded the Pemex rating from BBB+ to BBB- after the outlook was revised to negative in October last year.
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Public Finance
- Energy and Commodities
- Country Risk
Tags
- Tags
- Sovereign risk
- Pemex
Authors
Arnulfo Rodríguez
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist