Rating agencies say Mexico and Pemex close to downgrades: GRR - LL conference

In June, Fitch downgraded Mexico’s sovereign debt to near junk status. Last month, S&P and Moody’s representatives told delegates at the GRR Live - Latin Lawyer 4th Annual Restructuring Conference in New York that the chances of Mexico and its state-owned oil company Pemex avoiding further downgrades were small.

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