Pemex faces $8 billion in maturities this year that may require government support to refinance, said Friday the rating agency fitch.
The Mexican state oil company, with a financial debt of about 105,000 million dollars, He is currently in conversation with the Ministry of Finance and Public Credit on the margins of maneuver to face those maturities.
In addition, Fitch noted that Mexican companies have ample liquidity to meet debt maturities in 2023 and that it sees loan growth in the local banking system of 6%-8% in 2023 driven by consumer credit. .
In a statement, the agency highlighted that the potential corporate lending capacity of the Mexican banking system is around 90 billion dollars for this year and noted that they could grant more loans to Pemex despite its high exposure to the company.
