Moody's rates Chicoloapan de Juarez Baa1.mx, B1

Moody's Investors Service said it assigned Baa1.mx (Mexico national scale) and B1 (global scale, local currency) issuer ratings to the Municipality of Chicoloapan de Juarez.

Moody's said the ratings incorporate the expectation of some borrowing which could place pressure on the municipality's delicate financial balance in the next 12 to 18 months.

The ratings also reflect anticipated economic and population growth that should generate increased budgetary revenues, most of which however will be absorbed by higher demand for municipal services, the ratings agency noted.

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