Moody’s Local México, Fitch Ratings, and S&P National Ratings assigned an AAA rating to the long-term bond issuances of the National Works and Public Services Bank (Banobras).
https://www.proyectosmexico.gob.mx/wp-content/uploads/2025/11/N_calificadoras.png203610lveracanhttps://www.proyectosmexico.gob.mx/wp-content/uploads/2017/03/LogoMPH_Alta-e1657506734182.pnglveracan2025-11-04 13:51:062025-11-05 13:42:09AAA Rating for Banobras Bond Issuances
The rating agency HR Ratings reaffirmed Mexico’s long-term foreign currency sovereign debt rating at BBB+, three notches above the minimum investment-grade threshold.
The outlook changed from negative to stable as a result of improvements in key fiscal metrics.
With this announcement, Mexico maintains its investment-grade status with all eight rating agencies that assess its debt.
Source: Ministry of Finance and Public Credit (SHCP)
The Government of Mexico, through the National Water Commission (Conagua), has officially launched the construction of the Tunal II Dam — a strategic project that will supply 1,500 liters per second of drinking water from the Tunal River to 340,000 residents of the city of Durango, ensuring water availability for the next 50 years.
https://www.proyectosmexico.gob.mx/wp-content/uploads/2025/10/N_Presa_Tunal-IIa.png203610lveracanhttps://www.proyectosmexico.gob.mx/wp-content/uploads/2017/03/LogoMPH_Alta-e1657506734182.pnglveracan2025-10-28 16:44:232025-10-29 09:24:20Construction of the Tunal II Dam begins
President Claudia Sheinbaum Pardo announced that by the end of January 2026, the “El Insurgente” Mexico–Toluca Train will be available for service, running from Toluca, State of Mexico, to Observatorio in Mexico City. The project, which has completed its civil and electromechanical works, will reduce travel time from two and a half hours to just 40 minutes and will enter its three-month testing phase.
https://www.proyectosmexico.gob.mx/wp-content/uploads/2025/10/N-Supervision-Tren-El-Insurgente-oct-2025.png203610lveracanhttps://www.proyectosmexico.gob.mx/wp-content/uploads/2017/03/LogoMPH_Alta-e1657506734182.pnglveracan2025-10-27 12:31:362025-10-28 10:03:52Mexico–Toluca Train to Begin Operations in January 2026
The General Director of the Railway Transport Regulatory Agency, Andrés Lajous Loaeza, presented a report on the current status of the passenger train project:
AAA Rating for Banobras Bond Issuances
Moody’s Local México, Fitch Ratings, and S&P National Ratings assigned an AAA rating to the long-term bond issuances of the National Works and Public Services Bank (Banobras).
Fitch Ratings
Moody’s
S&P National Ratings
HR Ratings: Mexico’s credit rating at BBB+, stable outlook
The rating agency HR Ratings reaffirmed Mexico’s long-term foreign currency sovereign debt rating at BBB+, three notches above the minimum investment-grade threshold.
The outlook changed from negative to stable as a result of improvements in key fiscal metrics.
With this announcement, Mexico maintains its investment-grade status with all eight rating agencies that assess its debt.
Source: Ministry of Finance and Public Credit (SHCP)
Go to press release
HR Ratings
Construction of the Tunal II Dam begins
The Government of Mexico, through the National Water Commission (Conagua), has officially launched the construction of the Tunal II Dam — a strategic project that will supply 1,500 liters per second of drinking water from the Tunal River to 340,000 residents of the city of Durango, ensuring water availability for the next 50 years.
Sources: Presidency of the Republic / Conagua
Presidency press release
Conagua press release
Mexico–Toluca Train to Begin Operations in January 2026
President Claudia Sheinbaum Pardo announced that by the end of January 2026, the “El Insurgente” Mexico–Toluca Train will be available for service, running from Toluca, State of Mexico, to Observatorio in Mexico City. The project, which has completed its civil and electromechanical works, will reduce travel time from two and a half hours to just 40 minutes and will enter its three-month testing phase.
Source: Presidency of the Republic
Go to press release
Progress in Passenger Train Projects
The General Director of the Railway Transport Regulatory Agency, Andrés Lajous Loaeza, presented a report on the current status of the passenger train project:
Construction progress:
Technical studies initiated:
Source: Presidency of the Republic
Go to press release