The rating reflects a dynamic economy, as well as responsible financial and fiscal management that prioritizes generating its own revenue Guanajua
The rating reflects a dynamic economy, as well as responsible financial and fiscal management that prioritizes generating its own revenue
Guanajuato reaffirms its position as one of the states with the greatest solvency and financial responsibility in Mexico
Guanajuato/Gto News
The international agency Moody’s Local Mexico ratified for Guanajuato the rating at AAA.mx, on the national scale with a stable outlook, the highest level that a federal state can access.
In its annual evaluation, the agency awards this outstanding rating to Guanajuato, which, according to its analysis, is based on five strategic pillars that demonstrate the resilience and administrative discipline of the State
The five strategic pillars are:
- Economic strength and diversification: The state has consolidated its position as the fifth largest State economy in Mexico, contributing 4.5% of the national GDP. The State has proven to be a magnet for global trust, attracting USD 12.362 billion in foreign direct and domestic investment between 2018 and February 2026
- Revenue management and financial flexibility: The financial autonomy of Guanajuato has shown growth, thanks to the creation of the Guanajuato State Tax Administration Service (SATEG) and a proactive fiscal policy that includes environmental and schedular taxes. The proportion of own-source revenues relative to operating revenues grew from 17.5% in 2020 to 25.2% at the end of 2024. This reduces dependence on federal transfers and ensures positive operating margins
- Strong liquidity position and moderate debt: It maintains a consistent cash position, with a cash-to-current liabilities ratio of 4.9 times at year-end 2025, a level above the national median. Likewise, debt is at very low and controlled levels, representing only 17.7% of operating income at year-end 2025, with manageable debt service costs
- Governance and long-term sustainability: The State is a leader in good governance practices, the use of conservative budgets, and strict compliance with the Financial Discipline Law. The State ranks among the top in transparency and public management rankings by organizations such as IMCO, CONEVAL, and INAI. Furthermore, it has received few findings from the Superior Audit Office of the Federation, which reinforces its reputation for effective and responsible governance
- Low contingent liabilities: The State has one of the most solid pension systems in the country, with projected sufficiency until 2055, based on a 3 percent real growth scenario and an actuarial deficit of only 23% of operating income, which is much lower than the national average
With this result, the Secretary of Finance reaffirms that fiscal discipline and a long-term vision are the paths to guaranteeing the well-being of Guanajuatense families.
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