Baja California has received an upgraded credit rating from BBB+ to A- by HR Ratings, marking the third major international agency to affirm confidence in the state’s financial management under Governor Marina del Pilar Ávila Olmeda.
The upgrade reflects what HR Ratings described as the state’s “solid capacity” to meet its debt obligations. Governor Ávila Olmeda welcomed the decision, attributing it to efficient and transparent governance.
“We are very pleased because this reflects the efficient and honest work of this administration, where resources are allocated to priority projects with a direct impact on the families of Baja California,” the governor said.
The move follows recent outlook revisions by Moody’s and Fitch Ratings, both of which shifted the state’s forecast to “stable,” endorsing Baja California’s six-year financial plan. According to state’s Finance Secretary, Marco Moreno Mexía, the upgrade is the result of fiscal discipline that resolved an inherited liquidity crisis and eliminated a financial deficit.
“We have managed state debt appropriately, we have been effective in tax collection, and we have efficiently controlled operational spending,” he stated.
With three international agencies now affirming its financial strength, Baja California’s improved credit profile signals greater stability and investor confidence. State officials say this will pave the way for more investment, ultimately improving living conditions for residents.
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