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Finance Ministry Expects Pemex To Pay Debt Without Govt Aid

MEXICO
  • MEXICO EXPECTS PEMEX TO PAY ITS DEBT WITHOUT GOVERNMENT HELP (BBG)
  • From the Bloomberg article on Pemex:
  • Mexico’s Finance Ministry expects Petroleos Mexicanos to pay debt coming due in the first quarter without government help, according to people with knowledge of the situation.
    • The Finance Ministry now wants Pemex to foot the bill itself unless it doesn’t have enough cash to do so by the end of the quarter, one of the people said.
  • The talks are taking place after Pemex CEO Romero said in December that the government could resume its practice of paying the company’s debt amortizations in early 2023.

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