shareholders next month will get their first say on the oil
company's troubled acquisition of Anadarko Petroleum when they
vote on issuing shares and warrants to Berkshire Hathaway
for helping finance the $38 billion deal.
In a blow to Mexican
President Andres Manuel Lopez Obrador, ratings agency Moody's
Investors Service on Friday became the second main ratings
agency to downgrade national oil company Petroleos Mexicanos to
speculative grade, or junk, status.
Moody's Investors Service
cut the rating of bonds issued by Mexican state oil company
Petroleos Mexicanos to speculative grade, or "junk," the second
major ratings agency to make such a move, expected to
substantially increase financing costs.