Tuesday, April 23, 2024

Logo Central America Link

Pemex rescue plan fails to convince

Wednesday, July 17, 2019

Andrés Manuel López Obrador, the Mexican president, has outlined proposals to slash Pemex’s tax burden by $6.7 billion in 2020-21.

However, the move failed to convince investors it would help prevent another ratings downgrade for the indebted state oil company, the Financial Times reports.