Mexico`s finance ministry is exploring possibilities to avoid a costly refinancing of ailing state-oil company Pemex`s debt this year including dipping into a budget stabilization fund, Finance Minister Carlos Urzua said on Friday.
Urzua told Reuters in an interview that Pemex`s weak credit rating could make it "very costly" to refinance more than $6 billion of payments that are due this year.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis
