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Prospect News home > News index > List of issuers P > Headlines for Pemex (Petroleos Mexicanos SAB de CV) > News item
Published on 5/7/2018 in the Prospect News Emerging Markets Daily.

S&P rates Pemex notes BBB+

S&P said it assigned its BBB+ issue-level rating to Petroleos Mexicanos' (Pemex) CHF 365 million 1¾% senior notes due 2023.

The company will use proceeds to finance its investment program, working capital needs and debt repayment.

The notes benefit from the guarantees of Pemex Exploración y Producción, Pemex Cogeneración y Servicios, Pemex Perforación y Servicios, Pemex Logística and Pemex Transformación Industrial, all of which also currently guarantee all of Pemex's outstanding notes.


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