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S&P turns Pemex view to stable
S&P said it revised its outlook for Petroleos Mexicanos (Pemex) to stable from negative following a similar change to Mexico’s outlook to stable from negative.
Concurrently, the agency affirmed its global scale BBB foreign-currency and BBB+ local-currency ratings on the company. In addition, S&P affirmed the national scale mxAAA issuer credit rating.
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