Tag Archives: Financial Studies Foundation

Moody’s Downgrades Deer Park Refinery to ‘Junk’

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By KELIN DILLON Following Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) acquisition of the Deer Park refinery in Texas, Moody’s Analytics, one of Big Three financial ratings agencies, downgraded the refinery’s evaluation to “junk” status. Moody’s devalued Deer Park from Ba3 to Baa2, meaning it is “in the lower ranking of its generic category,” with the potential to further downgrade

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Mexico’s Informal Workers Scrape by during Covid-19 Lockdown

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XINHUA Maribel Mendez, a 47-year-old street vendor selling Mexican handicrafts outside the National Anthropology Museum in Mexico City, a place usually bustling with tourists and locals, is now struggling with her business, as the capital tries to ride out the Covid-19 pandemic under lockdown. Mendez’s stand is now covered up, since the museum — as well as schools, gyms, theaters,

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