Fitch rates Aguascalientes BBB-

Fitch Ratings said it assigned a BBB- local-currency long-term issuer rating to the state of Aguascalientes.

The outlook is stable.

The rating reflects the state's sound operating performance, resulting from strengthening fiscal policies and on-going monitoring of spending, Fitch said.

The rating also considers the dynamism of the local economy and the fact that the state-pension liabilities are fully covered, the agency said.

The rating further reflects an expectation that the regional government will maintain budgetary discipline and will generate strong operating margins in the following years, Fitch added.

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