“We assume thatThese measures will help the company pay the debt during 2024, avoiding a defaultbut do not address Pemex’s structural liquidity pressures as they are incorporated into our negative outlook,” the risk rating agency stated in a report.
Moody’s, which has Pemex’s grade at “B1” with a “negative” outlook, also said that the budget does not mention additional operating expenses for the new Olmeca refinery, which this month began producing oil products, so if it starts operations, could lead the Mexican state company to face greater liquidity pressures.
Information in development…