Quintana Roo improves its credit rating; HR Ratings recognizes more solid finances

Quintana Roo has upgraded its credit rating, according to international ratings agency HR Ratings, which raised the state’s assessment from HR A+ to HR AA-. This marks the best rating the state has achieved since it began being evaluated by the agency in 2012. The change reflects improved financial stability and stronger fiscal management, with HR Ratings noting that the outlook for the state has been revised from Positive to Stable. The improvement comes after a year of enhanced financial performance in 2025, during which the state recorded a 10.3 percent increase in Free Disposable Income. This growth was driven by higher local revenue collection and efficiency improvements in fiscal administration. These results allowed the state to strengthen liquidity, reduce relative debt levels, and lower current liabilities. HR Ratings highlighted that public funds were directed toward key areas such as health, education, tourism, and public security, maintaining a balance between fiscal discipline and investment in community programs and projects. The state's finance secretary, Martha Parroquín Pérez, stated that the rating upgrade is the result of a policy focused on fiscal discipline, increased local revenues, and responsible public spending. She emphasized that this strategy has been maintained without taking on additional debt. According to her office, a better credit rating enhances investor and financial institution confidence, allowing the state to access more favorable financing terms when needed. It also supports new infrastructure projects and helps attract investments and create jobs. Following the announcement, Governor Mara Lezama Espinosa praised the evaluation, stating it reflects the responsible management of public resources under her administration. She noted that state funds have been allocated to initiatives aimed at improving residents' quality of life. The governor expressed optimism about the implications of the improved rating for economic growth and social development. This upgrade represents a six-level improvement on HR Ratings’ scale during the current state government, moving from a BBB- rating to AA-. This achievement positions Quintana Roo just three levels away from the highest possible rating offered by the agency. The state’s progress underscores its commitment to sustainable fiscal practices and strategic resource allocation. In a social media post, Governor Lezama celebrated the milestone, calling it a recognition of greater trust, investment, and prosperity for Quintana Roo residents. Her message emphasized the positive impact of the state’s policies on both economic and social well-being. The upgrade is expected to bolster the state’s reputation as a reliable partner for investors and reinforce its position as a leader in regional economic development.