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    "headline": "CFE Raises 20 Billion Pesos to Fund Long-Term Power Projects",
    "dek": "CFE secured 20 billion pesos via bond issuance to finance renewable and conventional power infrastructure.",
    "prose": "The Comisión Federal de Electricidad (CFE) obtained financing for 20 billion Mexican pesos through the issuance of Certificados Bursátiles (CEBURES) in the local market. [^1]\n\nMoody's Local México warned that social spending in Mexican states has accelerated sustainably over the last five years. [^2]\n\nTen billion pesos will be used to finance or refinance, total or partially, a portfolio of long-term investment projects including photovoltaic, hydroelectric, and combined-cycle power plants. [^3]\n\nThe other 10 billion pesos will be used to refinance CEBURES and short-term credits with maturities expected in the fourth quarter of 2026, which does not represent additional debt for the CFE. [^4]\n\nThe resources obtained will be used to strengthen the company's financial structure and develop long-term electrical infrastructure. [^5]\n\nMoody's Local México advised that the rising social spending is reducing the fiscal space available to the states. [^6]\n\nThe agency stated that this accelerated social spending now consumes a larger portion of the operational budgets of the states. [^7]\n\nThe report noted that the growth in social spending has exceeded the average growth of wages and salaries. [^8]",
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    {
      "statement": "The Comisión Federal de Electricidad (CFE) obtained financing for 20 billion Mexican pesos through the issuance of Certificados Bursátiles (CEBURES) in the local market.",
      "source": "El Financiero",
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      "statement": "Ten billion pesos will be used to finance or refinance, total or partially, a portfolio of long-term investment projects including photovoltaic, hydroelectric, and combined-cycle power plants.",
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      "statement": "The agency stated that this accelerated social spending now consumes a larger portion of the operational budgets of the states.",
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