PEMEX

AM Best Affirms Credit Ratings of MAPFRE México, S.A.

Thursday, October 14, 2021 - 6:49pm

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Revises Issuer Credit Rating Outlook to Negative for Kot Insurance Company AG

Thursday, October 14, 2021 - 2:25pm

AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ (Good) of Kot Insurance Company AG (Kot) (Switzerland).

Key Points: 
  • AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ (Good) of Kot Insurance Company AG (Kot) (Switzerland).
  • The revision of the Long-Term ICR outlook to negative from stable reflects a weakening in PEMEXs credit profile due to ongoing negative free cash flow, high debt maturities and the resultant liquidity strain.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Talos Energy Files Notices Of Dispute Regarding Zama In An Effort To Achieve A Mutually Beneficial Resolution

Friday, September 3, 2021 - 9:15pm

The dispute is over decisions taken by SENER, including the designation of PEMEX as the operator of a yet-to-be unitized asset.

Key Points: 
  • The dispute is over decisions taken by SENER, including the designation of PEMEX as the operator of a yet-to-be unitized asset.
  • The aim is to resolve the dispute amicably through consultations and negotiations and avoid the need for further legal action, including arbitration.
  • Talos will continue to engage in good faith with the representatives of the Government of Mexico seeking to achieve a fair and mutually beneficial agreement.
  • These Notices of Dispute provide the opportunity for an initial phase of negotiation and consultation between the parties in an attempt to resolve the controversy.

Talos Energy Files Notices Of Dispute Regarding Zama In An Effort To Achieve A Mutually Beneficial Resolution

Friday, September 3, 2021 - 9:15pm

The dispute is over decisions taken by SENER, including the designation of PEMEX as the operator of a yet-to-be unitized asset.

Key Points: 
  • The dispute is over decisions taken by SENER, including the designation of PEMEX as the operator of a yet-to-be unitized asset.
  • The aim is to resolve the dispute amicably through consultations and negotiations and avoid the need for further legal action, including arbitration.
  • Talos will continue to engage in good faith with the representatives of the Government of Mexico seeking to achieve a fair and mutually beneficial agreement.
  • These Notices of Dispute provide the opportunity for an initial phase of negotiation and consultation between the parties in an attempt to resolve the controversy.