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Emerging MarketsEM LatAm

Fitch slashes Pemex as Mexico concerns grow

Pemex, Mexico, Amlo, oil, gas station, petrol, LatAm

As investors single out Mexico’s response to Covid-19 as one of the least convincing in Latin America, Fitch threw government-owned oil company Pemex and its $80bn of bonds deeper into sub-investment grade territory on Friday.

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