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Pemex Seeking Debt Solution Without Tapping Capital Markets

MEXICO
  • (Reuters) - Mexico's heavily-indebted state oil company Pemex will seek to avoid pricy capital markets even as it faces billions in maturing debts this year and next, its chief executive told Reuters, saying Pemex had been "punished" by ratings agencies despite measurable improvements in its operational numbers.
    • "We are exploring all (the options)," the company's CEO Octavio Romero said in an interview on Tuesday afternoon at his office in Mexico City, adding that they had not ruled out the possibility of offering potential lenders guarantees backed by crude oil.

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