Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade

17 February 2019, Mexico City/New York — Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix. Falling oil output, corruption and high labor costs have contributed to the … More »