Tijuana, September 10. Baja California recorded a new financial breakthrough by receiving a simultaneous upgrade from two of the world's leading rating agencies : Moody's raised the rating to A-.mx with a stable outlook, while Fitch Ratings granted it an A-(mex) rating with a positive outlook.
During her weekly press conference, Governor Marina del Pilar Avila Olmeda stated that the recovery of international confidence is already reflected in public investment in waterworks and a significant reduction in poverty in Baja California.
Finance Secretary Marco Moreno Mexía explained that the credit improvement is a result of the six-year financial plan, which overcame the inherited liquidity crisis and reversed the deficit in state finances.
He highlighted that financial autonomy was doubled from 10 to 20 percent, reducing dependence on federal resources and creating space to invest in strategic projects.
