Oceanografia fiasco costs Banamex upgrade as creditors seize ship
Citi’s Mexican arm Banamex missed out on a rating upgrade from Moody’s after having to revise its 2013 results downwards as the result of fraudulently filed invoices under an account receivable programme for oil services company Oceanografia.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts