UPDATE 3-Pemex debt slashed to junk as Moody's downgrades battered Mexico oil company

Ratings agency Moody's on Friday downgraded Mexico's credit rating due to a deteriorating economic outlook and cut the debt of state oil firm Pemex to junk status, dealing a serious blow to President Andres Manuel Lopez Obrador.

from Reuters: Company News https://ift.tt/3bksH4j