S&P lifts Hidalgo to positive

S&P said it affirmed the mxA- rating on the State of Hidalgo and revised the outlook to positive from stable.

The positive outlook reflects Hidalgo's improved budgetary performance over the last two years, S&P said.

Despite operating-expenditure pressure, the state will post overall balanced results after capital expenditures in 2016 through 2018, the agency said.

The positive outlook also considers the state's low debt, which could decline to about 13% of its operating revenues over the next two years, S&P said.

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