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Marina Schwarz

Mexico to the Rescue with $3.9-Bln Package for Pemex

Marina Schwarz in Oil (General)

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Marina Schwarz    + 1,576

Marina Schwarz

Mexico is pouring $3.9 billion into Pemex to avoid another credit downgrade. My question: who trusts credit ratings agencies after The Big Short? it's not like it was even a surprise, which is not to say Pemex is doing great but, really, help it for the right reasons.

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