Overview
- HR Ratings raised Quintana Roo’s long-term rating from HR A+ to HR AA- and changed the outlook to Stable, giving the state its highest score from that agency.
- The upgrade rests on a reported 10.3% rise in 'Ingresos de Libre Disposición' in 2025, which HR Ratings said came from higher own revenue and better collection efficiency.
- HR Ratings also pointed to stronger liquidity, a reduction in circulating liabilities and a lower relative level of indebtedness as key factors behind the move.
- Quintana Roo’s finance secretary, Martha Parroquín Pérez, credited fiscal discipline, spending control and the decision not to contract new debt during the current administration for the improvement.
- State officials say the higher rating will lower borrowing costs, boost investor confidence and help attract funding for projects in health, education, tourism and public security; the state has moved six levels on HR Ratings’ scale since 2012.