May 2, 2019 / 3:51 PM / 21 days ago

OECD warns that Pemex could affect Mexican sovereign rating

MEXICO CITY, May 2 (Reuters) - Mexican state oil firm Pemex’s credit rating could be an element of risk for Mexico’s sovereign rating, the Organisation for Economic Cooperation and Development’s Secretary-General Angel Gurria said on Thursday.

Ratings agency Fitch early in the year cut the rating for Pemex, which is the world’s most indebted oil company. (Reporting by Anthony Esposito; writing by Daina Beth Solomon; editing by Julia Love)

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