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Infrastructure May 27 2026

MEDICA 25-2X SPO

Médica Sur, S.A.B. de C.V.
LocalLong Term
RatifiedFAVORABLE
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Latest Ratings

May 27 2026Infrastructure

MEDICA 25-2X SPO

Médica Sur, S.A.B. de C.V.
Local ScaleLong Term
RatifiedFAVORABLE
May 27 2026Infrastructure

MEDICA 25X SPO

Médica Sur, S.A.B. de C.V.
Local ScaleLong Term
RatifiedFAVORABLE
May 26 2026Corporates

EDYN (Wood Wharf B2) Corporate

EDYN (Wood Wharf B2) I Limited
Global ScaleLong Term
UpgradeHR BBB - (G)
May 26 2026Corporates

EDYN (Wood Wharf B2) £81.0m Loan

EDYN (Wood Wharf B2) I Limited
Global ScaleLong Term
UpgradeHR BBB - (G)
May 26 2026Government Securities

Ayuntamiento de Tijuana, Baja California

2004
Local ScaleLong Term
RatifiedHR AA +
May 26 2026Financial Institutions

EXITUCB 26

Exitus Capital, S.A.P.I. de C.V. SOFOM, E.N.R.
Local ScaleLong Term
InitialHR AAA (E)
May 26 2026Financial Institutions

UNICCO LP

Unión de Crédito para la Contaduría Pública, S.A. de C.V.
Local ScaleLong Term
RatifiedHR BBB +
May 26 2026Financial Institutions

UNICCO CP

Unión de Crédito para la Contaduría Pública, S.A. de C.V.
Local ScaleShort Term
RatifiedHR3
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 BBVA P$1,000.0m (2025)
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 Banorte P$500.0m
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 Banorte P$2,046.8m
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 Santander P$1,979.6m
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 Banobras P$3,000.0m (A)
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 Banobras P$3,000.0m (B)
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 BBVA P$3,000.0m
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 BBVA P$1,000.0m (2023)
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 Banobras P$3,980.8m
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 Banobras P$4,000.0m
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 BBVA P$800.0m
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Sonora

26 Multiva P$875.6m
Local ScaleLong Term
RatifiedHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Veracruz

BBVA P$2,425.9m
Local ScaleLong Term
InitialHR AAA (E)
May 26 2026Government Securities

Gobierno del Estado de Veracruz

BBVA P$2,435.0m
Local ScaleLong Term
InitialHR AAA (E)
May 25 2026Financial Institutions

CONSEDE LP

Consede
Local ScaleLong Term
RatifiedHR BBB
May 25 2026Financial Institutions

CONSEDE CP

Consede
Local ScaleShort Term
RatifiedHR3
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Analysis

Economics Sectors Comments
Spanish Content
Sectors May 22 2026

Resultados Financieros de Pemex

El desempeño financiero y operativo de Pemex y su relación con el Gobierno Federal es un tema que genera gran interés y discusión pública, aunque muchas veces es complejo de analizar debido a su estructura financiera y operativa. El propósito de este reporte es presentar datos que consideramos relevantes para evaluar tanto su desempeño, como su relación con el Gobierno Federal....
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Spanish Content
Sectors May 20 2026

Evolución del mercado de Bonos Etiquetados

HR Ratings comenta sobre la evolución del mercado de Bonos Etiquetados en Mexico al cierre de 2025....
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Sectors May 13 2026

CPI inflation soars in April

The April CPI report strengthens the case for higher long term rates. Warsh inherits a difficult inflation outlook...
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Spanish Content
Sectors May 11 2026

Inflación en abril 2026

Presiones inflacionarias se moderan durante el mes de abril. El componente subyacente continúa ubicándose por encima del 4.0%...
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Spanish Content
Sectors May 08 2026

Finanzas Públicas al 1T26

Durante el 1T26 se registró un fuerte incremento en el déficit del Gobierno Federal. El SH alcanzó el 52.6% del PIB...
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Sectors May 04 2026

US GDP 1Q26

US economy regained momentum in 1Q26, with real GDP expanding at 2.0% SAAR, a notable acceleration from 0.5% in 4Q25, driven by investment and government spending...
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Spanish Content
Sectors Apr 30 2026

Estimación Oportuna del PIB 1T26

Debilidad del consumo e inversión culminan en una caída del PIB en 0.8% en el 1T26, lo que añade presiones sobre las perspectivas de crecimiento de HR Ratings...
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Spanish Content
Sectors Apr 29 2026

Evolución de la balanza comercial al 1T26

Exportaciones manufactureras diferentes a las automotrices continúan registrando avances a pesar de la política arancelaria de Estados Unidos. No obstante, el valor agregado a la economía es bajo...
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