July 22, 2019 / 8:26 PM / a month ago

Pemex business plan raises doubts about the company's viability -S&P

MEXICO CITY, July 22 (Reuters) - Mexican state oil company Pemex's newly announced business plan is a risky about-face that raises doubts about the company's long-term viability, analysts with credit ratings agency S&P Global Ratings wrote in a note on Monday.

Nevertheless, the business plan has no immediate impact on the company's credit rating, they wrote in the note.

Last week, Mexico unveiled parts of a keenly awaited business plan meant to bring the world's most indebted oil company back from the abyss, but its vow of $7.2 billion in government support failed to dispel worries of a ratings downgrade. (Reporting by Diego Ore; writing by Julia Love; Editing by David Gregorio)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below