Moody’s Local México raised the long-term local currency issuer rating of the Government of Veracruz from A.mx to A+.mx and changed its outlook from stable to positive.
The agency also confirmed the AAA.mx ratings of the state’s 12 outstanding bank loans. The upgrade responds to the sustained strengthening of Veracruz’s financial indicators.
The positive outlook reflects the expectation that the state will maintain robust liquidity levels along with positive operational and financial results. Moody’s estimates that during 2026 and 2027 Veracruz will keep positive balances and will be able to increase public works investment.
The improvement recognizes the financial strategy promoted by Governor Rocío Nahle García, focused on cleaning up public finances and controlling debt.
