US rating agencies pressure Pemex and the new Mexican government. But Pemex is too big to fail.
“It’s not easy to distribute and sell the pilfered contents of 600 pipelines each and every day.”
“Even a small deterioration” in its perceived credit risk could take a big financial toll on Mexico itself.
Tectonic shifts and clouds of uncertainty after Sunday’s election.
Big-oil bailout by taxpayers already under way.
No one is immune to the crippling effects of a crumbling currency.
Feeding a New Round of Plunder at Pemex.
Nightmare is coming true.
Proud sugar daddy becomes giant financial sinkhole.
But is Pemex too big to save for Mexico?