International ratings agency Fitch Ratings has elevated Baja California’s credit rating to A- with a positive outlook, recognizing the state’s strengthened financial position and disciplined fiscal management under Governor Marina del Pilar Ávila Olmeda.
This upgraded rating signals increased confidence in the state’s economy and creates opportunities for new investments, job creation, and improved access to financing for infrastructure and social projects.
Baja California Secretary of Finance Marco Moreno Mexía attributed the positive rating to the state’s six-year financial plan:
“Our consistent operational surplus over the past three years results from our focus on increasing revenues, controlling spending efficiency, and prioritizing infrastructure investment and social programs,” he noted
The upgrade reflects Baja California’s improved financial profile, including a significant reduction in debt levels.
The official added that an improved credit rating generates greater confidence, encouraging investors and companies in Baja California, which in turn leads to more jobs.
Fitch’s report highlights secondary credit information sources with data up to July 2025, noting that Baja California is current on all its financial obligations and that its debt coverage ratios are favorable.
Confidence in Baja California: Two International Credit Agencies Praise the State’s Financial Strength
The report noted that the state’s debt structure includes financial coverage schemes and fixed-rate contracts, providing protection against sudden interest rate hikes.
This marks the second major international endorsement for Baja California, following a similar upgrade from Moody’s, strengthening the state’s ability to secure favorable financing terms for priority projects in water, mobility, and social infrastructure.
The improved ratings position Baja California for sustainable economic growth while maintaining its path of fiscal consolidation.
Governor Marina del Pilar Ávila Olmeda reaffirmed her administration’s commitment to maintaining sound fiscal policies by focusing on healthy balances, enhanced local revenue collection, and protecting liquidity.
