Reuters exclusively revealed how Mexico’s finance ministry is exploring possibilities to reduce the costly refinancing of ailing state oil company Pemex’s debt this year, including dipping into a budget stabilization fund, according to Finance Minister Carlos Urzua. Urzua told Reuters in an interview that Pemex’s weak credit rating could make it “very costly” to refinance the more than $6 billion of payments that are due this year.
Reuters exclusively reveals Mexico rainy-day fund may reduce Pemex debt refinancing this year
22 March 2019, 12:00 am 1 minute
Topics of Interest: Politics
Type: Reuters Best