Tag Archives: Jorge Sánchez Tello

IMF Calls on Mexico to Reform Fiscally

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By KELIN DILLON According to the International Monetary Fund’s (IMF) External Sector Report, Mexico drastically needs to reform its fiscal practices and implement increased monetary support to its inhabitants if it wants to fully recover from the economic effects of covid-19. “More domestic fiscal support is needed in the short term to ease the tensions of the pandemic, reduce scars

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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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