Fitch: Mexican Government's Financial Support to Pemex Could Threaten Sovereign Rating

August 21, 2023--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Last week, Fitch Ratings released a report stressing that a substantial increase in financial support from the Mexican government to state-owned oil firm Petroleos Mexicanos (Pemex) (Mexico City) could lead to more deficit and higher government debt-to-GDP ratio, which could damage Mexico's sovereign credit rating.