June 28, 2019 / 1:43 PM / 24 days ago

Lopez Obrador says $8 bln loan shows confidence in Mexico's Pemex

MEXICO CITY, June 28 (Reuters) - An $8 billion syndicated loan to Mexico’s national oil company Pemex is a sign of confidence by 23 banks involved in the operation, Mexican President Andres Manuel Lopez Obrador said on Friday, after recent credit downgrades for the indebted firm.

Pemex signed the loan to renew credit lines and refinance liabilities, the president announced on Thursday.

Reporting by Diego Ore

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