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The rating agency Fitch Ratings reports that Pemex will face similar financial challenges under the new administration that will lead Andrés Manuel López Obrador as under previous governments.
the agency, the independent credit profile of Pemex which is currently rated "B-", will remain under pressure
"Pemex's heavy tax burden causes its profile to deteriorate" of credit and has led to an increase in the company's total debt to $ 106 billion in March 2018, "details Fitch Ratings.
The agency recalls that the current rating of the oil company is in line with that of the country, with which the Mexican government is strongly encouraged to support the company because of the very serious socio-political and financial consequences that the financial distress of the "A situation of financial difficulties in Pemex could interrupt the supply of liquid fuels throughout the country, which could have significant social and economic consequences for Mexico "
In this regard, it pointed out that a situation of financial difficulty in Pemex could have repercussions on the ability of the government or other government entities in the country to obtain financing. 19659005] Fitch recalled that the energy sector platform of the new administration plans to modernize and expand Mexico's refineries and re-evaluate the energy reform undertaken by the current administration.
"The expansion or modernization of the refining capacity of the control or limitation of liquid fuel prices could accelerate the credit impairment of Pemex according to the way whose new administration implements these policies, "he added.
SA
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