An $8 billion syndicated loan to Mexico’s national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President Andres Manuel Lopez Obrador said on Friday, after a recent credit downgrade for the firm.  The deal to renew Pemex credit lines and refinance liabilities was announced on Thursday. “These actions demonstrate that there is confidence. The banks don’t act without information, they don’t take a decision like this because they like the government. They know that Pemex is in very good health,” Lopez Obrador said in a regular news conference. He said the terms of the loan reduced interest rates, although he did not specify by how much. He said the financing was available […]