The Mexican Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2011
Mexico-based MGI Supply is PEMEX's subsidiary's trading arm for international natural gas purchases and sales. We are affirming our 'BBB' foreign currency and 'A-' local currency ratings on MGI. The stable outlook reflects our belief that MGI will continue to operate as an integrated business within PEMEX. On Aug. 7, 2012, Standard & Poor's Ratings Services affirmed its 'BBB' foreign currency and 'A-' local currency corporate credit ratings on MGI Supply Ltd. The outlook is stable. The affirmation follows our regular annual review on PEMEX and its rated subsidiaries. The ratings on MGI are based on our view of its business being integrated with Mexico-based oil company Petroleos Mexicanos (PEMEX; foreign currency: BBB/Stable/--; local currency: A-/Stable/--). As a result, the...
Companies mentioned in this report are: MGI SUPPLY LTD,Petroleos Mexicanos,P.M.I. Trading Ltd.
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Product Type: Research Update
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MGI SUPPLY LTD,Petroleos Mexicanos,P.M.I. Trading Ltd.
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