S&P rates Pemex notes BBB+

S&P said it assigned its BBB+ issue-level rating to Petroleos Mexicanos’ (Pemex) senior unsecured notes to be offered in three tranches under the company’s medium-term notes program, series C, with maturities in seven, 10 and 30 years.

Proceeds will be used to refinance short-term debt maturities.

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