Pemex Issues Debt

Mexico’s state oil company Pemex auctioned a round of short-term bonds worth $44 million on the Mexico City stock exchange last week. The 28-day fixed-rate bonds pay a 9.78 percent fixed annual interest rate. Credit ratings agency Standard and Poor’s assigned its mxA-1+ rating to the issue, Fitch its F1+ (mex) rating and Moody’s its MX-1 rating.