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Moody's On PEMEX

MEXICO

Moody's Almeida on PEMEX:

  • High debt and taxes on Mexico's PEMEX remain key risks
  • PEMEX production will not rise more than 1% in 2021
  • PEMEX will need more capital to cover investments
  • PEMEX will continue debt refinancing operations
  • PEMEX may need Mexico's government support this year

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