Background on Nuevo Laredo and its Importance
Nuevo Laredo, a municipality in Tamaulipas, Mexico, has consistently demonstrated fiscal responsibility and sound financial management. The town’s commitment to maintaining a strong credit rating and reducing its public debt has earned it recognition from Fitch Ratings, a leading global rating agency.
Credit Rating and Debt Reduction
For the second consecutive year, Nuevo Laredo has maintained a “AAA+” credit rating on the national scale and a “BBB-” international scale rating, with an individual credit profile of “A+”. This high rating is a testament to the municipality’s prudent use of resources and disciplined fiscal management.
The municipality has successfully reduced its public debt by 58% between September 2021 and August 2025, decreasing from 580.8 million pesos to 249.2 million pesos.
During fiscal year 2024, Nuevo Laredo contracted a credit of 120 million pesos, with a balance of 53.2 million pesos as of August 2025, according to the Unique Public Registry System under the Secretariat of Hacienda and Credit Public (SHCP), in compliance with the Fiscal Discipline Law.
Carmen Lilia Canturosas, Nuevo Laredo’s mayor, stated: “The Fitch Ratings’ ‘AAA+’ rating for Nuevo Laredo is a direct result of our effective resource management and strong fiscal discipline.” She further added, “This rating facilitates better financing conditions and reflects our high self-generated income capacity, fiscal solvency, and liquidity. We are now on par with the federal government, the highest level possible at the national level.”
Fiscal Revenue Collection Strategies
To further strengthen its financial position, Nuevo Laredo implemented a plan consisting of 19 actions to bolster self-generated income. Key initiatives included:
- Opening three new collection centers
- Enabling 25 Banorte branches and additional payment points
These strategic moves have contributed to Nuevo Laredo’s continued fiscal stability and positive reputation among credit rating agencies.
Key Questions and Answers
- What is the significance of Nuevo Laredo’s credit rating? The high credit rating reflects the municipality’s responsible financial management, strong self-generated income, fiscal solvency, and liquidity. It also places Nuevo Laredo at the same level as the federal government, the highest possible rating in Mexico.
- How has Nuevo Laredo reduced its public debt? By implementing strategic revenue collection initiatives and maintaining fiscal discipline, Nuevo Laredo has successfully decreased its public debt by 58% between September 2021 and August 2025.
- What strategies has Nuevo Laredo employed to strengthen self-generated income? Nuevo Laredo has opened new collection centers, enabled more Banorte branches, and added additional payment points to bolster its self-generated income.
