President Claudia Sheinbaum has appointed Juan Carlos Carpio as the new director of Mexico's state-owned oil company, after Víctor Rodríguez resigned following a month of controversy surrounding a massive oil spill that affected almost the entire southern half of the Gulf of Mexico. Despite the criticism, Sheinba stated that Rodriziz's departure had nothing to do with the oil spill. The company's credit rating was reaffirmed by S&P, but acknowledged that its capital structure is unsustainable due to its low liquidity and high leverage. Carpios' appointment must be approved by the Pemex Board of Directors.