The Mexican Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: June 2012
- Region: Mexico
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. MEXICO CITY (Standard & Poor's) Feb. 23, 2011--Standard & Poor's Ratings Services said today that it 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...
Companies mentioned in this report are: MGI SUPPLY LTD,Petroleos Mexicanos (PEMEX)
Action: New Rating
Action: Outlook: Stable
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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MGI SUPPLY LTD,Petroleos Mexicanos (PEMEX)