Quintana Roo's Credit Rating Improves Significantly on Stronger Finances

The Mexican state of Quintana Roo has achieved a significant upgrade in its credit rating, moving from HR A+ to HR AA- according to the international agency HR Ratings. The agency also revised the state's outlook from Positive to Stable, marking the best position Quintana Roo has held since its financial evaluations began in 2012.

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The improvement in the rating is the result of a policy based on fiscal discipline, the increase in own revenues, and responsible management of public spending, a strategy that, she affirmed, has been maintained without contracting additional debt.

This advancement is attributed to the strengthening of state finances during 2025. Key factors include a 10.3% growth in free-disposal income, driven by increased tax collection and enhanced fiscal efficiency measures. These improvements have bolstered the state's liquidity, reduced its relative debt levels, and decreased its current liabilities.

HR Ratings noted that public funds were strategically allocated to crucial sectors such as health, education, tourism, and public security. The agency recognized Quintana Roo's success in balancing financial discipline with investments in programs and projects benefiting its population.

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Having a better credit rating strengthens the confidence of investors and financial institutions, in addition to allowing the state to access better financing conditions when necessary, promote new infrastructure projects, and favor the attraction of investments and job creation.

Martha Parroquín Pérez, the Secretary of Finance and Planning, stated that the improved rating is a direct result of a policy centered on fiscal discipline, increased self-generated revenue, and responsible management of public spending. She emphasized that this strategy has been maintained without incurring additional debt.

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The evaluation reflects the responsible management of public resources during my administration and I maintain that state resources have been directed to works, programs and actions aimed at improving the quality of life of the population.

Governor Mara Lezama Espinosa highlighted that the upgraded rating reflects the responsible management of public resources under her administration. She affirmed that state funds have been directed towards initiatives aimed at enhancing the quality of life for residents. With this latest upgrade, Quintana Roo has advanced six levels on the HR Ratings scale during the current administration, moving from BBB- to HR AA-, positioning it just three levels shy of the agency's highest possible rating.

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Quintana Roo achieves its best credit rating in its history! HR Ratings raised our rating from HR A+ to HR AA-, a recognition that means more confidence, more investment, and more prosperity for Quintana Roo families. In this government…