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Perspective
13 June 2017

La Muralla IV: Getting the rent out of Pemex

Grupo R's La Muralla IV rig financing - which at time of close in 2012 won a swathe of export credit accolades - may be in trouble. Export credit agencies that backed the deal are attempting to pressure Pemex and the Mexican government to stop lowering day rates before debt servicing become untenable.

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