NewzMoody’s has estimated that state-owned oil company Petróleos Mexicanos (Pemex) will require at least 10 billion dollars in annual financial support from the Mexican government over the next three to five years. This projection, delivered by Moody’s vice president Roxana Muñoz, underscores the ongoing fiscal challenges facing the company.
The credit rating agency indicated that this level of government intervention may be necessary for an even longer duration should Pemex fail to improve its operational efficiency. The assessment highlights the persistent reliance of the oil firm on federal backing to maintain its financial stability.
In-depth summary · AI, neutral