Mérida’s municipal credit rating is upgraded to AAA by HR Ratings, according to multiple reports. HR Ratings describes the AAA grade as the highest national credit-quality category. The upgrade follows the city’s improved fiscal performance, with sources citing a 9.1% primary balance surplus at the end of 2025 as a key driver of the change. The reports also note that Mérida maintains relatively low debt compared with other municipalities, contributing to the strength of its credit profile. The city’s rating move is described as an improvement from the prior HR AA+ level. In addition to the financial assessment, some coverage links the city’s appeal to longstanding cultural assets, portraying Mérida as a destination where residents and expatriates are drawn by both financial stability and local heritage. Across the articles, the central points are the rating upgrade itself, the agency issuing it, and the fiscal indicators—particularly the surplus and debt level—that underpin HR Ratings’ decision. The information is presented as an update to Mérida’s credit standing in Mexico’s national rating framework.