31 January 2019, News Wires — Mexican President Andres Manuel Lopez Obrador said on Wednesday that corruption is being eliminated from state oil company Pemex, adding that the company is better now than it has been in last 30 years.
Rating agency Fitch on Tuesday downgraded the credit rating of Pemex, which holds $106 billion in financial debt, the highest of any state oil company in Latin America. The move sent Mexico’s peso currency tumbling.
Also Read:West Africa Crude-Sellers hold out as buyers face strong Nigerian diffs
Like and follow on facebook & twitter
Reuters