Mexico, August 25, 2015 -- Moody's de México placed Petroleos Mexicano's (PEMEX) global foreign currency and global local currency A3 ratings as well as its Aaa.mx national scale rating under review for downgrade. The review was prompted by the company's weak cash generation and financial profile so far in 2015 and Moody's view of further deterioration in the next years. Cash generation has weakened due to lower oil prices and will result in large borrowing needs in the near future.
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