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Government Securities Jul 17 2026

Municipio de Mérida Yucatán

31050
LocalLong Term
UpgradeHR AAA
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Latest Ratings

Jul 17 2026Government Securities

Municipio de Mérida Yucatán

31050
Local ScaleLong Term
UpgradeHR AAA
Jul 16 2026Corporates

NOVVA SLC COMMON Corporate

Novva SLC Common, LLC / Novva SLC North, LLC
Global ScaleLong Term
UpgradeHR BBB + (G)
Jul 16 2026Corporates

NOVVA SLC WEST Corporate

Novva SLC Common, LLC / Novva SLC North, LLC
Global ScaleLong Term
UpgradeHR BBB + (G)
Jul 16 2026Corporates

NOVVA SLC EAST Corporate

Novva SLC Common, LLC / Novva SLC North, LLC
Global ScaleLong Term
UpgradeHR BBB + (G)
Jul 16 2026Corporates

NOVVA US$250.0m Term Loan

Novva SLC Common, LLC / Novva SLC North, LLC
Global ScaleLong Term
UpgradeHR BBB + (G)
Jul 16 2026Corporates

NOVVA SLC NORTH Corporate

Novva SLC Common, LLC / Novva SLC North, LLC
Global ScaleLong Term
UpgradeHR BBB + (G)
Jul 16 2026Government Securities

Municipio de Guadalajara

BBVA P$810.1m
Local ScaleLong Term
UpgradeHR AAA (E)
Jul 15 2026Financial Institutions

INVTACB 25

Arrendadora IL, S.A.P.I. de C.V.
Local ScaleLong Term
RatifiedHR AAA (E)
Jul 15 2026Financial Institutions

Inventa Leasing AP

Arrendadora IL, S.A.P.I. de C.V.
Local ScaleLong Term
RatifiedHR AP3-
Jul 15 2026Financial Institutions

Fincomún CP

Fincomún, Sociedad Financiera Popular
Local ScaleShort Term
DowngradeHR3
Jul 15 2026Financial Institutions

Fincomún LP

Fincomún, Sociedad Financiera Popular
Local ScaleLong Term
DowngradeHR BBB +
Jul 15 2026Financial Institutions

FINDEP CP

Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R.
Local ScaleShort Term
RatifiedHR2
Jul 15 2026Financial Institutions

FINDEP LP

Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R.
Local ScaleLong Term
RatifiedHR A +
Jul 14 2026Financial Institutions

UCAY CP

Unión de Crédito Agrícola del Yaqui S.A. de C.V.
Local ScaleShort Term
RatifiedHR3
Jul 14 2026Financial Institutions

UCAY LP

Unión de Crédito Agrícola del Yaqui S.A. de C.V.
Local ScaleLong Term
DowngradeHR BBB -
Jul 14 2026Financial Institutions

Hey Banco CP

Hey Banco, S.A., Institución de Banca Múltiple, Banregio Grupo Financiero
Local ScaleShort Term
InitialHR+1
Jul 14 2026Financial Institutions

Hey Banco LP

Hey Banco, S.A., Institución de Banca Múltiple, Banregio Grupo Financiero
Local ScaleLong Term
InitialHR AAA
Jul 14 2026Corporates

GPH LP

Grupo Palacio de Hierro, S.A.B. de C.V.
Local ScaleLong Term
RatifiedHR AAA
Jul 14 2026Corporates

GPH CP

Grupo Palacio de Hierro, S.A.B. de C.V.
Local ScaleShort Term
RatifiedHR+1
Jul 14 2026Corporates

GPH 19-2

Grupo Palacio de Hierro, S.A.B. de C.V.
Local ScaleLong Term
RatifiedHR AAA
Jul 14 2026Corporates

GPH 20

Grupo Palacio de Hierro, S.A.B. de C.V.
Local ScaleLong Term
RatifiedHR AAA
Jul 13 2026Corporates

CYDSASA 23

CYDSA, S.A.B. de C.V.
Local ScaleLong Term
WithdrawnAMORTIZED
Jul 13 2026Government Securities

Estado Libre y Soberano de Zacatecas

32 Banobras P$2,800m
Local ScaleLong Term
RatifiedHR AAA (E)
Jul 13 2026Government Securities

Estado Libre y Soberano de Zacatecas

32 Banorte P$4,073.5m
Local ScaleLong Term
RatifiedHR AAA (E)
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Analysis

Economics Sectors Comments
Spanish Content
Economics Jul 15 2026

Empleo formal al primer semestre

Evolución heterogénea en el empleo formal refleja la debilidad de la actividad económica...
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Press Release Jul 06 2026

HR Ratings provides an update regarding the NAIC Cybersecurity Incident and the actions taken

On June 25th, 2026, the NAIC informed through its website that some of the information was published online. While we have not had direct and clear confirmation on the data nor have we seen it readily available online...
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Spanish Content
Economics Jun 30 2026

Escenarios Macroeconómicos 2T26

HR Ratings presenta la actualización de sus escenarios macroeconómicos para el segundo trimestre de 2026...
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Press Release Jun 25 2026

HR Ratings Update Regarding NAIC Cybersecurity Incident

On June 17th, 2026, the National Association of Insurance Commissioners (NAIC) announced that it had identified unauthorized access to certain NAIC systems....
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Spanish Content
Economics Jun 19 2026

Oferta y Demanda Agregada al 1T26

La debilidad de la demanda interna lleva a la economía mexicana a terreno negativo en el 1T26...
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Spanish Content
Sectors Jun 02 2026

Balanza de Pagos del 1T26

La fortaleza externa de México y la persistente entrada de divisas han contribuido a mantener la estabilidad cambiaria, aun en un entorno de elevada volatilidad e incertidumbre...
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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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