Pemex Cut to Brink of Junk by Moody's as Mexico Outlook LoweredBy and
Oil company recorded a $32 billion financial loss last year
Moody's rates sovereign debt A3, above S&P or Fitch grades
Petroleos Mexicanos credit rating was cut to the cusp of junk by Moody’s Investors Service, which also warned that the Mexican oil company’s financial problems threaten the government’s creditworthiness.
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