Fitch: Pemex Project Funding notes BBB-

Fitch Ratings said it assigned a foreign currency rating of BBB- to the €850 million guaranteed 6.375% fixed-rate notes due 2016 issued by Pemex Project Funding Master Trust and unconditionally guaranteed by Mexico's state-owned Petroleos Mexicanos (Pemex).

Proceeds will be used to fund the Proyectos de Infraestructura Productiva de Largo Plazo, Pidiregas (Long-term productive infrastructure projects).

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.