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Financial Institutions Apr 22 2025

Financiera Cualli LP

Financiera Cualli, S.A.P.I. de C.V., SOFOM E.N.R.
LocalLong Term
RatifiedHR BBB
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Latest Ratings

Apr 22 2025Financial Institutions

Financiera Cualli LP

Financiera Cualli, S.A.P.I. de C.V., SOFOM E.N.R.
Local ScaleLong Term
RatifiedHR BBB
Apr 22 2025Financial Institutions

Financiera Cualli CP

Financiera Cualli, S.A.P.I. de C.V., SOFOM E.N.R.
Local ScaleShort Term
RatifiedHR3
Apr 16 2025Financial Institutions

EXITUCB 24

Exitus Capital, S.A.P.I. de C.V. SOFOM, E.N.R.
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 16 2025Government Securities

Municipio de la Ciudad de Monterrey

19039
Local ScaleLong Term
RatifiedHR AA
Apr 16 2025Government Securities

Gobierno del Estado de Chihuahua

008
Local ScaleLong Term
UpgradeHR A +
Apr 16 2025Financial Institutions

EFIM LP

EFIM, S.A.P.I. de C.V., SOFOM, E.N.R.
Local ScaleLong Term
DowngradeHR D
Apr 16 2025Financial Institutions

EFIM CP

EFIM, S.A.P.I. de C.V., SOFOM, E.N.R.
Local ScaleShort Term
DowngradeHR D
Apr 16 2025Corporates

ORBIA 22L

Orbia Advance Corporation, S.A.B. de C.V.
Local ScaleLong Term
WithdrawnAMORTIZED
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Programa Banobras FAIS
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Banobras P$2,500.0m A
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Banobras P$2,500.0m B
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Banobras P$2,500.0m C
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Bajío P$1,000.0m
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 BBVA P$2,000.0m
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Santander P$2,000.0 m A
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Santander P$2,000.0m B
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Santander P$2,000.0m C
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Government Securities

Gobierno del Estado de Veracruz

30 Banorte P$1,022.8m
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 15 2025Financial Institutions

FIMUBCB 24

Fimubac S.A. de C.V., SOFOM, ENR
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 14 2025Government Securities

Gobierno del Estado de Hidalgo

013
Local ScaleLong Term
RatifiedHR AA +
Apr 14 2025Government Securities

Municipio de Empalme

26025
Local ScaleLong Term
InitialHR BBB -
Apr 14 2025Government Securities

Municipio de Solidaridad

23008
Local ScaleLong Term
RatifiedHR A +
Apr 14 2025Government Securities

Gobierno del Estado de Oaxaca

20 Banorte P$1,000.0m
Local ScaleLong Term
RatifiedHR AAA (E)
Apr 14 2025Government Securities

Gobierno del Estado de Oaxaca

20 Santander P$1,500.0m (A)
Local ScaleLong Term
RatifiedHR AAA (E)
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Economics Sectors Comments
Press Release Apr 22 2025

HR Ratings Expands U.S. Operations with Strategic Growth Plan and Senior Leadership Appointment

HR Ratings, leading credit rating agency with nearly two decades of experience and more than 14,000 ratings issued worldwide, announces the expansion of its U.S. operations, reinforcing its long-term commitment to the U.S. market. As part of this effort, HR Ratings welcomes Gregory Root as Business Development Executive Director, adding depth to its leadership team and accelerating its growth in key sectors....
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Spanish Content
Sectors Apr 10 2025

Inflación y política monetaria 1T25

Se mantienen presiones inflacionarias en mercancías, llevando a que la inflación se encuentre cercana al rango superior, mientras que Banxico podría optar por otro recorte de 50pb en su próxima decisión...
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Sectors Apr 10 2025

Is a recession in the US imminent?

On the edge: Slowing growth raises recession fears amid trade concerns...
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Spanish Content
Sectors Apr 08 2025

Evolución del empleo formal en el primer trimestre 2025

Continua la desaceleración en la creación de puestos formales en el primer trimestre, alineado con el bajo desempeño de la actividad económica...
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Spanish Content
Sectors Apr 04 2025

Aranceles: ¿Qué si y qué no para México?

Reconfiguración del comercio internacional impactará la globalización. HR Ratings analiza el posible impacto de los aranceles anunciados por el presidente Trump...
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Spanish Content
Sectors Apr 03 2025

Pre-criterios Generales de Política Económica 2026

Los Pre-criterios 2026 mantienen las estimaciones de ingresos y gastos presupuestarios. Sin embargo, los recortes del primer bimestre señalan mayor cautela y un esfuerzo importante por limitar el aumento de la deuda...
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Spanish Content
Sectors Mar 26 2025

Desempeño de las brechas de género en los productos del sector financiero

El presente documento analiza las brechas de inclusión que existen en los productos financieros en México y en los distintos sectores del sistema financiero. Asimismo, se muestran los municipios que cuentan con las brechas más elevadas a favor de las mujeres y los hombres. En los últimos años se ha mostrado una mejora en disminuir estas brechas, ayudando en el empoderamiento de las mujeres y otorgandándoles igualdad en oportunidades....
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Economics Mar 26 2025

Escenarios Macroeconómicos del 1T25

HR Ratings presenta la actualización de sus escenarios macroeconómicos para el primer trimestre de 2025...
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