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Mexico's Electric and Natural Gas Industries: The Need to Attract Foreign Capital Nov 00
Standard & Poors, Nov 2000
Abstract
Mexico's economy and its energy needs are forecast to grow at a rapid pace over the next 10 years, with oil and natural gas likely to remain the dominant energy sources. To meet demand, Mexico will have to invest nearly US$60 billion in the energy sector over the next six years, most of which will be spent in the electric sector. The expansion will require an enormous amount of external capital, much of which is expected to come from foreign investors. The Mexican government dominates domestic energy resources via its monopoly over the generation, transmission, and distribution of power through the 100% sovereign-owned Comision Federal de Electricidad (CFE) (foreign currency rating: 'BB+'/Positive; local currency rating: 'BBB+'/Stable) and the development and...
Companies mentioned in this report are: United Mexican States,Comision Federal De Electricidad (CFE),Petroleos Mexicanos (PEMEX)
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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