• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: MGI Supply Ltd. Assigned 'BBB' Rating; Outlook Stable Feb 11 Product Image

Research Update: MGI Supply Ltd. Assigned 'BBB' Rating; Outlook Stable Feb 11

  • ID: 1829678
  • February 2011
  • Standard & Poors

FEATURED COMPANIES

  • MGI SUPPLY LTD
  • Petroleos Mexicanos
  • MORE

Abstract
MGI is PEMEX's trading arm for international gas purchases and sales. We are assigning our 'BBB' and 'A' foreign and local currency ratings, respectively, to MGI. We believe that MGI will continue to operate as an integrated business with PEMEX. On Feb. 23, 2011, Standard & Poor's Ratings Services assigned its 'BBB' foreign-currency and 'A' local-currency long-term corporate credit ratings to MGI Supply Ltd. (MGI). The outlook is stable. The ratings on MGI are based on our view of the company's operations as an integrated business with Mexico-based oil company Petroleos Mexicanos (PEMEX; FC: BBB/Stable/–-; LC: A/Stable/–-). MGI is a wholly owned subsidiary of Pemex- Gas y Petroquímica Básica (PGPB), which in turn is a subsidiary entity of PEMEX. PGPB...

Companies mentioned in this report are:
- MGI SUPPLY LTD
- Petroleos Mexicanos

Action: New Rating
Action: Outlook: Stable

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 READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS