As its Credit Profile Deteriorates, Should Pemex’s Debt Be Viewed as Sovereign?
Posted on 04/21/2019
State-owned oil company Petróleos Mexicanos, or Pemex, has reached the end of the line for issuing new debt. Falling production, operating losses, and poor credit ratings have combined to make Pemex one of the world’s most indebted oil company. That’s according to the Mexican government. The government is now preparing to extend to Pemex US$ […]