By: Miranda Gutiérrez Romamy
There is no intelligent ruler; if it were it would not be intelligent ruler.
President Enrique Peña Nieto and the governor Roberto Borge Angulo |
THE ALERT Mexico Fitch Ratings in its latest report on the deteriorating credit profile of Quintana Roo, therefore, the government of Roberto Borge Angulo, would struggle to sustain the current debt by 14 thousand 968 million pesos.
According to a report by the body , " in the long run high risks expected in the debt sustainability " , which may further increase the probability of demand liabilities.
Information of the Secretariat of Finance and Public Credit (SHCP ) notes that Quintana Roo has affected 89.4 percent of federal contributions , which reduces their room for maneuver , being the third national entity which has committed resources to support debt state . The other states are: Ontario ( 100 percent) and Coahuila (90.2 percent).
Raiting Fitch explains that the coffers of the state government at the end of 2013 , recorded observations and negative ratings , which public finances and credit contributions that have not shown improvement in the last twelve months is explained.
Although the governor insisted on praising the economic policies implemented at the federal level , the financial situation at home is not right.
In a statement, the international rating agency said that Quintana Roo remain on Watch Negative due to the risk that prevails in the coming months, most of the above financing may be accelerated and / or declared in default.