translated from Spanish: SHCP expected to allocate 100 thousand pesos to help Pemex debt

with the Secretary of the Treasury, Carlos Urzúa, reported that the Government provides to take Fund of stabilization of the revenue budget 100 billion pesos to help Pemex to pay its deud a detailed help finance seeks to grant PEMEX using these resources would be only for this unique occasion and for this year.
Lee: Steal the most expensive platform and new PEMEX before being inaugurated Urzúa explained that this year the State productive enterprise has to refinance debt by about 6 thousand 800 million dollars, but if the federal Government leaves it alone and goes to the market would be very cost so.
Basically “what we want to do is to allow Pemex does not go to the market if they don’t want to go to the market and simply remove part of its debt. It is basically what we are doing. And just for this occasion, just for this year. Then that’s your problem,”he said.”
“What we are doing is to redesign this to take this (budget income stabilization) Fund, which has about 300 billion pesos, some 100 billion pesos to help Pemex”, said Urzúa.
The FEIP reported a toll of 279 thousand at the end of 2018, 800 million pesos, according to official data.
Urzua said that the Government has no intention of converting oil company debt on sovereign debt.
“There are people who believe that we need to take as a federal Government Pemex debt to make it sovereign but we don’t like that.” That pollute our own debt. But we are aware that, in the short term, Pemex needs help and will provide such assistance”said.
On 4 March, the rating agency S & P Global Ratings fell of Pemex’s stable rating Outlook to “negative” due to the continuing deterioration of the risk profiles of business and financial officer of the company that has undertaken the recovery of their main business lines”.
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Original source in Spanish