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PEMEX Reports 2025: Lower Debt, Surge in Refining
By MBN Staff - Mon, 03/02/2026 - 13:02
PEMEX closed 2025 with its lowest financial debt in 11 years, marking a turning point for the state oil company after years of mounting liabilities.
https://mexicobusiness.news/tag/fitch-ratings
More Oil & Gas
PEMEX Reports on Budget Spending, Expands Financing for 2026
By Perla Velasco - Tue, 12/16/2025 - 13:14
PEMEX reported that it is executing its physical investment program in line with what was approved in the federal budget for the current fiscal year.
CNE Takes Over: The Week in Oil and Gas
By MBN Staff - Fri, 10/10/2025 - 09:41
Mexico's National Energy Commission has officially ended a decade-long framework that governed PEMEX.
Fitch Upgrades Pemex to BB+ On Stronger Government Support
By MBN Staff - Fri, 10/03/2025 - 10:22
Fitch raised PEMEX’s rating to BB+ after a US$9.9 billion debt tender backed by the Mexican state.
Financing, Risk, Investment Outlook for the Oil & Gas Industry
By Fernando Mares - Tue, 09/23/2025 - 19:22
Beyond headline credit actions, PEMEX’s operating metrics underline why the market remains cautious.
Financing, Risk, Investment Outlook for the Mexican O&G Industry
By Perla Velasco - Thu, 09/11/2025 - 13:47
Beyond headline credit actions, PEMEX’s operating metrics underline why the market remains cautious.

PEMEX Support Seen as Credit-Neutral for Mexican Banks
By Perla Velasco - Mon, 08/25/2025 - 08:50
Fitch Ratings has assessed the Mexican government's financial support for PEMEX as broadly credit-neutral.
Moody’s Places PEMEX on Upgrade Review After Strategic Plan
By Andrea Valeria Díaz Tolivia - Tue, 08/19/2025 - 16:04
Moody’s placed PEMEX on review for an upgrade after unveiling a US$12 billion debt relief and strategic plan, signaling stronger government support.
PEMEX Plan Targets Financial Relief but Faces Operational Hurdles
By Perla Velasco - Thu, 08/14/2025 - 10:12
PEMEX recovery plan raises concerns about structural and operational issues that remain unresolved.
Banobras Arranges MX$250B Fund to Support PEMEX Supplier Debt
By Perla Velasco - Wed, 08/06/2025 - 16:55
The government announced the creation of an investment fund aimed at financing PEMEX’s debt and projects.