Mexican utility CFE's $16 billion investment plan faces risks -Moody's

MEXICO CITY (Reuters) - Rating agency Moody's Investors Service said on Tuesday that Mexican state utility CFE's investment plan of 326.5 billion pesos ($16.09 billion) through 2026 faces financial and execution risks.

Moody's said CFE could face reduced access to debt markets in the future due to a lack of clear policies on renewable energies and carbon emissions reductions by the Mexican government and the company.

($1 = 20.2950 Mexican pesos)

(Reporting by Diego Ore, Adriana Barrera and Anthony Esposito; Editing by Chris Reese)

You May Also Be Interested In

• Chinese military officials met US and Russian naval officials this week
• BlackRock-backed Decarbonization Partners raises $1.4 billion for first fund
• Ukraine, Israel bill to bolster Lockheed, RTX profits