JOURNAL ARTICLE

Fitch Lifts Pemex's Rating by Two Notches on Mexico Issuance.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Vizcaino, Maria Elena; Butler, Kelsey 3 of 3

Abstract

The article focuses on Fitch Ratings' upgrade of Petroleos Mexicanos (Pemex) following the Mexican government's $12 billion debt sale aimed at improving the company's financial situation. Fitch raised Pemex's rating by two notches to BB, citing increased government support amid the company's significant debt burden of approximately $100 billion. The upgrade reflects a strengthened relationship between Pemex and the Mexican government, contrasting with previous rating cuts due to declining production and financial struggles. The funds from the debt issuance are expected to help Pemex meet upcoming debt obligations, with the company also set to release a new business plan. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:187095871
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