Mexican Finance Minister Carlos Urzua said on Saturday he does not expect rating...
FILE PHOTO: Mexico's Finance Minister Carlos Urzua listens as President Andres Manuel Lopez Obrador speaks to the media during a news conference to announce a plan to strengthen finances of state oil firm Pemex, at the National Palace in Mexico City, Mexico February 15, 2019. REUTERS/Henry Romero/File Photo
WASHINGTON - Mexican Finance Minister Carlos Urzua said on Saturday he does not expect rating agencies to further downgrade the credit rating of state-owned energy company Pemex. With $106 billion in financial debt, Pemex is the world’s most indebted oil company and is teetering on the brink of having its debt downgraded to junk.
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