S&P Shifts Pemex, CFE Outlook to Negative After Nearly Four Years of Stability

Rating agency S&P Global Ratings has revised its outlook for Mexico's state-owned oil and electricity companies, Pemex and CFE, from stable to negative. This reflects fiscal deterioration and slower economic growth in Mexico.

La calificadora S&P cambió de estable a negativa la perspectiva crediticia de Pemex y CFE por deterioro fiscal y menor crecimiento en México. <p>La <a href="https://www.elfinanciero.com.mx/economia/2026/05/12/sp-deja-nota-de-mexico-en-bbb-pero-cambia-perspectiva-a-negativa-por-deuda-y-bajo-crecimiento/" rel="noreferrer" target="_blank" title="https://www.elfinanciero.com.mx/economia/2026/05/12/sp-deja-nota-de-mexico-en-bbb-pero-cambia-perspectiva-a-negativa-por-deuda-y-bajo-crecimiento/">cal...

Support Your Local Toad

The Pesky Toad is free and ad-light. If you find it useful, toss a few pesos in the tip jar to help keep the servers running and the satire flowing.