Quintana Roo’s Credit Rating Upgraded by Moody’s

Chetumal — Governor Mara Lezama Espinosa announced that the ratings agency Moody's Local México has upgraded the state's long-term local currency issuer rating from A.mx to A+.mx and revised its outlook from stable to positive.

Solid Performance of Financial Indicators

"This improvement in the rating has been possible because this different government, a humanist government with a feminist heart, fights corruption so that the people's money returns to the people, and because it manages resources with honesty; it does not steal, lie, or betray the people," expressed Governor Mara Lezama Espinosa on the matter.

She added that this recognition responds to the solid performance of the state's financial indicators during 2024 and the first half of 2025, which include:

• A sustained increase in the collection of the state's own revenues.
• The achievement of positive operational and financial results.
• The strengthening of the liquidity position.

Tax and Fee Collection Consolidated

Furthermore, she highlighted that the fiscal reform implemented in 2023 consolidated the collection of various taxes and fees, which has allowed for an increase in the state's fiscal autonomy and a reinforcement of its credit profile. Additionally, Quintana Roo maintains a moderate level of inherited debt and does not face relevant contingencies regarding pensions.

Moody's projects that during 2025 and 2026, Quintana Roo will record positive operational results, balanced financial accounts, and an improvement in its liquidity position.

A National Example of Financial Discipline

This achievement adds to the rating increase from Fitch Ratings, which on June 10th raised the rating from BBB+ to A. Both actions are a recognition of the joint effort of the citizens and the Government of Quintana Roo.

The financial discipline of the State of Quintana Roo is today a national example, which will continue to be strengthened so that every advance is reflected in well-being and development for the people of Quintana Roo.

This improvement in the credit rating reflects the State Government's commitment to the responsible, efficient, and transparent management of public finances, which strengthens the confidence of investors and ratings agencies in the economic solidity of Quintana Roo.