Pemex accumulates a financial debt of about 103,000 million dollars. In 2023, only in amortizations linked to previous issues, the firm must cancel about 8,000 million dollars.
The Ministry of Finance reported last Monday that was looking for a way to help the state giant with the hefty payments, but gave no specific details. Undersecretary Gabriel Yorio ruled out that Mexico’s sovereign credit rating could be affected by these supports, under the magnifying glass of the three most important rating agencies globally: S&P Global Ratings, Moody’s Investors Service and Fitch Ratings.
S&P has assigned a ‘BBB’ rating to Pemex’s new $2 billion senior unsecured notes.
