Moody’s rates Yucatan

Moody’s Investors Service said it assigned Ba1/A1.mx ratings to the state of Yucatan.

“The Ba1/A1.mx (global scale, local currency/Mexico national scale) issuer ratings of the state of Yucatan reflect both moderate debt and debt service levels, a strong own source revenue collection, the state’s relatively high GDP growth, moderate financing requirements and an adequate liquidity position compared to other Mexican peers rated at Ba1,” Moody’s said in a press release.

The outlook is stable.

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