04.02.2016 21:33:00

Petroleos Mexicanos -- Moody's assigns Baa1 rating to Pemex USD 5 billion in global notes

New York, February 04, 2016 -- Moody's Investors Service (Moody's) has assigned a Baa1 senior unsecured rating to Petroleos Mexicanos (Pemex)'s issuances of $5 billion notes in three tranches: $750 million 5.5% due 2019, $1.25 billion 6.375% due 2021 and $3 billion 6.875% due 2026. Proceeds will be used to finance capital investments or to repay debt. The ratings are on review for possible downgrade.

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