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Fitch Removes Ratings Watch Negative From Pemex

MEXICO
  • Fitch Ratings assigned a stable outlook to state-owned oil driller PEMEX, citing support from the Mexican government. Pemex, rated four notches below investment-grade by Fitch, was also removed from the credit assessor’s negative rating watch list after the government committed $8.5 billion in funds for the company to meet upcoming debt maturities, according to a statement during yesterday's session. (BBG)

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