LatAm: Pemex's post-Urzua blues

  • One week after Finance Minister Urzúa's surprise exit, Pemex’s 2019-23 business plan continues to stoke growing investor concerns
  • The continuing triumph of AMLO's nationalistic energy team over the moderates suggests that ratings downgrades are on the way
  • The advance of controversial legislative bills for Pemex among other issues has also fed worries
  • As Q2 indicators continue to falter, fears of a technical recession are on the rise; but so too are rate cut hopes despite likely FX volatility

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05 Apr 2019

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