Moody’s downgrades Pemex bonds to junk

(Bloomberg) — Moody’s Investors Service Inc. has downgraded Petroleos Mexicanos’s bonds to junk as sinking oil prices and a fast-spreading pandemic pummeled the beleaguered Mexican driller. Moody’s More...

Mexico’s giant oil find may not be cure-all for ailing Pemex

Even as Mexico’s president and Petroleos Mexicanos’s CEO touted the country’s most important find in three decades, it appears to be far from a panacea for the beleaguered state driller. Pemex called the Quesqui More...