- Language: English
- Published: August 2013
- Region: Mexico
Research Update: MGI Supply Ltd. Assigned 'BBB' Rating; Outlook Stable Feb 11
- Published: February 2011
- Standard & Poors
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 Petroqu-mica B-sica (PGPB), which in turn is a subsidiary entity of PEMEX. PGPB...
Companies mentioned in this report are: MGI SUPPLY LTD,Petroleos Mexicanos (PEMEX)
Action: New Rating
Action: Outlook: Stable
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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MGI SUPPLY LTD,Petroleos Mexicanos (PEMEX)