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Corporates Nov 07 2025

FINN 18

Fideicomiso Irrevocable DB/1616
LocalLong Term
RatifiedHR A +
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Latest Ratings

Nov 07 2025Corporates

FINN 18

Fideicomiso Irrevocable DB/1616
Local ScaleLong Term
RatifiedHR A +
Nov 07 2025Corporates

Fibra Inn CP

Fideicomiso Irrevocable DB/1616
Local ScaleShort Term
RatifiedHR2
Nov 07 2025Corporates

Fibra Inn LP

Fideicomiso Irrevocable DB/1616
Local ScaleLong Term
RatifiedHR A +
Nov 07 2025Financial Institutions

ARRENCB 25

Arrendadora y Soluciones de Negocios, S.A.P.I. de C.V. SOFOM E.N.R.
Local ScaleLong Term
RatifiedHR AAA (E)
Nov 06 2025Financial Institutions

MERCFCB 22

Mercader Financial, S.A. SOFOM E.R.
Local ScaleLong Term
UpgradeHR AAA (E)
Nov 06 2025Financial Institutions

FEFA 25-3

Fondo Especial para Financiamientos Agropecuarios
Local ScaleLong Term
InitialHR AAA
Nov 06 2025Financial Institutions

FEFA 25V

Fondo Especial para Financiamientos Agropecuarios
Local ScaleLong Term
InitialHR AAA
Nov 06 2025Financial Institutions

FEFA 25-2V

Fondo Especial para Financiamientos Agropecuarios
Local ScaleLong Term
InitialHR AAA
Nov 05 2025Corporates

MOLYMET 25-2

Molibdenos y Metales S.A.
Local ScaleLong Term
InitialHR AAA
Nov 05 2025Corporates

MOLYMET LP

Molibdenos y Metales S.A.
Local ScaleLong Term
RatifiedHR AAA
Nov 05 2025Corporates

MOLYMET CP

Molibdenos y Metales S.A.
Local ScaleShort Term
RatifiedHR+1
Nov 05 2025Corporates

MOLYMET 23-2

Molibdenos y Metales S.A.
Local ScaleLong Term
RatifiedHR AAA
Nov 05 2025Corporates

MOLYMET 25

Molibdenos y Metales S.A.
Local ScaleLong Term
RatifiedHR AAA
Nov 05 2025Corporates

MOLYMET 24

Molibdenos y Metales S.A.
Local ScaleLong Term
RatifiedHR AAA
Nov 04 2025Infrastructure

LIPSBCB 14U

ICA Infraestructura
Local ScaleLong Term
RatifiedHR AA + (E)
Nov 04 2025Infrastructure

LPSLCB 14-2U

ICA Infraestructura
Local ScaleLong Term
RatifiedHR AAA (E)
Nov 04 2025Infrastructure

LPSLCB 14U

ICA Infraestructura
Local ScaleLong Term
RatifiedHR AAA (E)
Nov 04 2025Government Securities

Municipio de Teoloyucan

15091
Local ScaleLong Term
RatifiedHR A +
Nov 03 2025Financial Institutions

GMC Agrofin LP

GMC Agrofin S.A.P.I. de C.V., SOFOM, E. N. R
Local ScaleLong Term
RatifiedHR BBB -
Nov 03 2025Financial Institutions

GMC Agrofin CP

GMC Agrofin S.A.P.I. de C.V., SOFOM, E. N. R
Local ScaleShort Term
RatifiedHR3
Nov 03 2025Government Securities

Municipio de Chiautla

15028
Local ScaleLong Term
UpgradeHR A +
Nov 03 2025Government Securities

Municipio de Acolman

15002
Local ScaleLong Term
RatifiedHR A
Nov 03 2025Government Securities

Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva

SHCP Fideicomiso CIB/3484 [B] Mifel P$1,000.0m (G)
Global ScaleLong Term
RatifiedHR BBB + (G)(E)
Nov 03 2025Government Securities

Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva

SHCP Fideicomiso CIB/3484 [C] Mifel P$1,000.0m (G)
Global ScaleLong Term
RatifiedHR BBB + (G)(E)
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Analysis

Economics Sectors Comments
Comments Nov 06 2025

Comments to the Public Business Development Companies Methodology

HR Ratings asks market participants to comment on its proposal for the Business Development Companies Methodology...
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Spanish Content
Sectors Nov 04 2025

Pemex al tercer trimestre de 2025

Pemex registra un flujo de efectivo positivo debido a las transferencias realizadas por el Gobierno Federal...
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Spanish Content
Sectors Oct 31 2025

Estimación Oportuna del PIB 3T25

Debilidad en la construcción frena la actividad económica en el tercer trimestre de 2025...
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Sectors Oct 30 2025

The Federal Reserve delivered another 25bp cut to the interest rate

In its latest monetary policy decision, the US Federal Reserve reduced the benchmark interest rate by 25 basis points to a range of 3.75% - 4.00%, marking the second consecutive cut and signaling a cautious shift toward monetary easing. The decision was broadly in line with analysts expectations, reflecting the Fed’s growing concern over the cooling pace of the labor market amid persistent uncertainty surrounding the government shutdown and delayed macroeconomic data releases. Consequently, the implications for future monetary decisions is far from certain....
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Spanish Content
Sectors Oct 30 2025

Balanza comercial al tercer trimestre de 2025

Comercio exterior registra una dinámica positiva en el 3T25 luego de la incertidumbre en la primera mitad del año...
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Spanish Content
Sectors Oct 24 2025

Inflación de la 1Q de octubre se modera

En la primera quincena de octubre (1Q), la variación anual la inflación general moderó a 3.63% desde el 3.78% previo aunque aun sin mostrar una clara tendencia descendente. El respiro que tuvo la inflación en las primeras dos semanas de octubre brinda cierto margen para que el Banco de México continúe con su ciclo gradual de recortes de 25pb en las próximas decisiones, pese a que los riesgos al alza sobre la inflación general se mantienen latentes....
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Sectors Oct 24 2025

Modesto crecimiento en agosto apunta a estancamiento en el 3T25

En agosto, el Indicador Global de la Actividad Económica (IGAE), proxy mensual del PIB, registró un repunte con un avance de 0.57% mensual (m/m). A pesar de la mejora en sectores como el primario y el terciario, esto no fue suficiente para compensar la contracción del mes inmediato anterior (-0.88% m/m). Los datos más recientes indican que la actividad económica atraviesa por un periodo de bajo crecimiento, lo que podría llevar a un estancamiento en el tercer trimestre (3T25)....
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Spanish Content
Sectors Oct 22 2025

Empleo y productividad en México

Mercado laboral en México se debilita en agosto y los altos niveles de informalidad repercuten en una baja productividad laboral...
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