Mexican president says respects work of ratings agencies after Pemex downgrades

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Thursday that the government respects the work of ratings agencies and will not limit their purview after downgrades to the credit rating of state oil firm Petroleos Mexicans, or Pemex.

Asked whether he would limit the presence of ratings agencies in Mexico, Lopez Obrador said during his regular morning news conference that the government is open to international scrutiny in politics and economics. But he asked ratings agencies to take the level of corruption into account in their evaluations of governments.

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