Pemex Bonds Tumble on Fitch Downgrade to Junk

The video discusses the challenges faced by Pemex, Mexico's state-owned oil company, following a credit downgrade by Fitch. Investors fear further downgrades by SNP or Moody's, which could lead to Pemex being excluded from key indexes. Pemex is struggling with operational inefficiencies, producing at only 35% capacity, and faces significant debt obligations. The Mexican government has pledged support, but the extent of this aid is uncertain amid increasing trade tensions with the US.

What is the amount of debt Pemex needs to roll over by year-end?

What support has Mexico pledged to Pemex to prevent further downgrades?