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Mexico hit by ratings downgrade as Pemex weighs heavy

Credit ratings firm S&P downgrades country's sovereign debt amid rising concerns over Pemex's financial health

Defiant: Mexico's President Andres Manuel Lopez Obrador has retreated from the previous administration’s policies of opening up the Mexican oil sector and exposing Pemex to competition
Defiant: Mexico's President Andres Manuel Lopez Obrador has retreated from the previous administration’s policies of opening up the Mexican oil sector and exposing Pemex to competitionPhoto: REUTERS/SCANPIX
  • Gareth Chetwynd
London
Published 27 March 2020, 14:27Updated 27 March 2020, 14:28
MexicoPemexPetrobrasBrazilAmericas