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Stock impact report

RPT-Mexico president's Pemex plans rattle faith of debt-holders [Reuters (UK)]

AllianceBernstein Holding L.P. Units (AB) 
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am Check Earnings Report
Company Research Source: Reuters
RPT-Mexico president's Pemex plans rattle faith of debt-holders | Reuters 6 Min Read (Repeats Tuesday story with no changes to text) By Stefanie Eschenbacher MEXICO CITY, Dec 11 (Reuters) - Mexican President Andres Manuel Lopez Obrador’s declaration of war on “neo-liberal” economics has shaken investors holding Petroleos Mexicanos bonds, fueling concern about the future of the highly-indebted state oil company he has pledged to revive. Ratings agencies and three managers spoken to by Reuters at funds that either hold Pemex paper or recently sold it said proposals floated by the government to build a new refinery and give the state a bigger role in the oil industry could put fresh strain on the company, which must pay back almost a third of its debt in the next three years. Fitch and Moody’s have in recent weeks flagged concerns about Pemex’s $106 billion of financial debt - the highest of any state oil company in Latin America. Under threat, said Shamaila Khan, director of emerging ma Show less Read more
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