AMLO's Latest Pemex Rescue Mission Fails to Convince Investors
- Analysts from Citi to Eurasia Group say plan is not enough
- Investors waiting for further details on tax relief measures
This article is for subscribers only.
Mexico’s grand plan for Pemex -- an unprecedented $8 billion syndicated loan, tax breaks and refinancing billions in debt -- was supposed to change the outlook for the embattled oil company.
The market’s reaction has amounted to little more than a shrug.