Yucatán’s state administration earned outstanding ratings by the international agency Moody’s, which local officials credit to austerity programs from the governor.
With Moody’s positive rating, Yucatan obtained the best long-term financing rate with commercial banks.
Moody’s rating agency yesterday assigned a base credit risk assessment (BCA) of ba1 and issuer ratings of Ba1 / A1.mx.
This qualification, specified in the document in which the resolution was announced, is because Yucatan presents an “adequate liquidity position compared to other Mexican peers,” that is, other Mexican states.
Despite the federal cuts, the state economy remains strong, as more has been done with less, attracting investments and generating more and better jobs, said officials.
Moody’s observed “moderate levels of both debt and debt service, a solid collection of income, a high growth of the State Gross Domestic Product (GDP), moderate requirements of financing and an adequate liquidity position.”
Treasurer Suárez Coldwell points out: “Moody’s ensures that the corporate government and the administration of Yucatan are stronger in relation to many other Mexican states.”