Sat. Apr 4th, 2020

López Obrador responds to rating agencies that have "other data" about Pemex

The president of Mexico, Andrés Manuel López Obrador, responded on Friday to the criticisms of the rating agency Fitch about the recent capitalization of Petróleos Mexicanos (Pemex) ensuring that it has "other data", a response already habitual in the president.

"My adversaries say that every time I disagree on something I say that I have other data. Yes, I have other data," he said with a laugh when asked about the capitalization of 5,000 million dollars from the Government for Pemex, an insufficient figure for The rating agency.

The president contradicted Fitch by saying that this week the Mexican state oil company experienced "a financial operation as successful as it has been in the history of its finances."

He said that "very contrary to all forecasts," Pemex placed on Thursday 7.5 billion dollars in the international market in bonds that will be used to refinance its debt, which exceeds 100,000 million dollars.

"The demand was seven times higher than what was being put on the market," said also the leader of the leftist National Regeneration Movement (Morena), who said "Pemex came out of this operation very well."

He encrypted this demand for 38,000 million dollars and ironized: "I have another piece of information, that's why I say".

Previously, López Obrador had suffered a slip when he said that the Chamber of Deputies approved on Thursday the secondary laws of the government's educational reform, but the press reminded him that this did not happen, because the camera suspended the session following the blockade made by A teachers union.

"But they informed me today in the morning that they had already approved it. If not, I think there will be no problem for it to be approved," Lopez Obrador replied somewhat misplaced.

The list of inaccuracies of the Mexican president is long and his "other data" have become a protagonist of his daily press conferences to the point that López Obrador himself mocks it.

Last May, journalist Jorge Ramos questioned López Obrador about the increase in homicides in the first three months of the year, based on official figures from the Executive Secretariat of the National Public Security System, to which the president replied: "No , I have other information. "

In a tense interlocution, the president and the journalist were reviewing together a crime chart projected in the press room of the National Palace.

In June, questioned by unemployment, the head of state said: "If you see the press, you may have the idea that things are not right in the economy of the country. I have other information, it is part of my job."

While in August, the press asked López Obrador about a report from the Ministry of Finance that recognized that the federal government had a sub-exercise of public spending of 174,000 million pesos (about 8,950 million dollars).

"I have other information. I have information that the budget exercise is fine," López Obrador said, although a reporter reminded him that the sub-exercise data had been offered by his own government.

. (tagsToTranslate) Lopez (t) Obrador (t) answers (t) rating agencies (t) Pemex

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