The strengthening of liquidity and long-term viability of the pension system is highlighted, guaranteeing sound finances in the future Fitch Ratin
The strengthening of liquidity and long-term viability of the pension system is highlighted, guaranteeing sound finances in the future
Fitch Ratings reaffirmed the “AAA(mex)” rating on the national scale, the highest level of credit quality in Mexico
Guanajuato/Gto News
The international agency Fitch Ratings reaffirmed the excellence in the financial management of the State of Guanajuato by ratifying its long-term rating of ‘ AAA (mex)’ on the national scale with a stable outlook, being the highest that a federal State in Mexico can access.
The agency also rated the Individual Credit Profile (PCI) at ‘a+’, reflecting efficient management and a state-of-the-art fiscal structure that places the State in a privileged position compared to its national and international peers.
This achievement is based on the following strategic pillars highlighted by the ratings agency:
Superior economic dynamism:
- Guanajuato has consolidated its position as the fifth largest economy in Mexico. With real GDP growth of 4.0%, the State surpasses the national average of 1.4%, solidifying its position as an engine of development and a destination for investment
Strengthening own revenues:
- As a result of efficient tax collection policies and exemplary fiscal coordination, local tax revenues grew at a real rate of 12.4% between 2021 and 2025, well above the growth of the economy
Robust liquidity and negative net debt:
- The remarkable strengthening of liquidity levels over the past four years has allowed the State to maintain a negative net debt position, meaning that Guanajuato has sufficient liquid assets to cover its financial obligations
Responsible and sustainable management:
- The agency highlights the strong, prudent, and responsible financial management practices. It also emphasizes the long-term financial viability of the pension system (ISSEG), which eliminates future risks and frees up resources for priority projects
Strategic public investment:
- Prudent debt management has allowed access to the best financing conditions in the market, promoting loans with competitive differentials to enhance infrastructure and productive public works for the benefit of the people of Guanajuato
With these results, Guanajuato is projected as a benchmark for budgetary discipline and transparency, providing the necessary confidence to continue attracting investment projects that generate quality jobs.
The People’s Government, through the Secretary of Finance, continues to efficiently manage public finances, reaffirming its commitment to transparent accounting and sound finances for the development of our State.
Source: Fitch Mexico, SA de CV
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