S&P rates Quintana Roo mxBBB

Standard & Poor’s said it assigned a long-term national scale mxBBB issuer credit rating on the state of Quintana Roo.

The outlook is stable.

The ratings reflect an expectation that Quintana Roo’s budgetary performance will remain stable, S&P said, and that the state will continue to post balanced results, even after capital expenditures in 2015 to 2016.

The agency also considers the state’s high debt burden, which is expected to remain at about 90% of its operating revenues over the next two years.

Its weak liquidity position and very weak budgetary flexibility constrain the ratings, S&P said.

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