Pemex's Big Debt Moves Are Far From Imminent, Finance Minister Says

Mexico’s finance minister downplayed the idea of a major reworking of the state oil company’s debt in the near future, saying no “large operations” are currently planned.

The government will wait to plan any moves for Petroleos Mexicanos until after the June 2 presidential election in coordination with the incoming administration’s team, Rogelio Ramirez de la O told Bloomberg News. Even then, a new strategy could take months or years to implement, he said.