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S&P cuts Pemex credit rating as outlook sinks for other Mexican firms, banks

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S&P cuts Pemex credit rating as outlook sinks for other Mexican firms, banks Ratings agency Standard & Poor’s (S&P) on Monday slashed the credit rating for Mexico’s national oil company Petroleos Mexicanos, or Pemex, piling more pressure on the government to tighten up the debt-laden oil firm’s finances. S&P followed the Pemex cut with lower credit outlooks for a range of major Mexican financial institutions and companies, including telecommunications giant América Móvil and Coca-Cola Femsa, the world’s largest Coke bottler. Reuters reports.   AngloGold Ashanti to sell Northern Colombia exploration project South Africa’s AngloGold Ashanti agreed to sell its interest […]
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