In 1999 Pemexthe Mexican state-owned oil companyis rated AA in Mexico for domestic bond issues but constrained

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In 1999 Pemex—the Mexican state-owned oil company—is rated AA in Mexico for domestic bond issues but constrained in its international financing by Mexico’s B country rating.

a. What is the highest rating that Pemex can receive on international debt financing?

b. Why do Pemex domestic and international debt ratings differ?

c. What is/are the risk(s) that investors domiciled outside Mexico face when they invest in Pemex’s international bonds?

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International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets

ISBN: 9781119550464

2nd Edition

Authors: Laurent L. Jacque

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Question Posted: Mar 09, 2024 01:02 AM

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In 1999 Pemexthe Mexican state-owned oil companyis rated AA in Mexico for domestic bond issues but constrained

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International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets

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