HR Ratings recognizes responsible fiscal strategies
The ratification of the ‘HR AAA’ rating is due to federal support of Mexico City’s debt obligations, accompanied by a growing surplus on the Primary Balance and a sustainable level of debt. The rating agency highlighted the positive behavior of freely available income, driven by strengthened tax strategies and the improvement of collection systems.
Key measures include gradual updates to cadastral information, which have optimized tax revenues. “Continuity in these strategies has allowed us to maintain a stable outlook,” highlighted HR Ratings.
ESG factors and economic leadership of CDMX
HR Ratings reported that it evaluated Mexico City’s ESG (Environmental, Social and Governance) factors, granting it the top label in the Governance and Social dimensions. This recognition responds to the central role of the city in the national economy, being the entity that contributes the most to the Gross Domestic Product and the one that leads in the generation of formal jobs.
“Mexico City is not only the most attractive for investment, but also an educational and business benchmark in the country,” the statement indicated. The opening of businesses and the environment conducive to economic development stand out as factors that continue to attract capital.
Commitment to sustainable finances
The Secretariat of Administration and Finance, under the direction of the Head of Government, reaffirmed its commitment to financial sustainability. In their statement, they noted that responsible public policies will continue to benefit the city’s inhabitants.
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