Fitch Ratings states Pemex needs US$81.5 billion over four years. Mexico’s 2024 budget offers the oil company US$8.3 billion for immediate debts. The budget also cuts the profit-sharing rate from 40% to 35%. Fitch calls this a positive step. Yet, even with an extra US$4 billion from 2023, it’s not enough. The new plan would […]
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