Makrognosis

Mexico Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:MX

Model score56 / 1009 Nov 2026
Grade equivalentBBB-model-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank58th of 84economies scored

Makrognosis sovereign credit model scores Mexico at 56 out of 100 as of 9 November 2026, equivalent to BBB- on the familiar letter scale — investment grade.

The score is down 6.5 points from 62 on 1 October 2026.

That places Mexico 58th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 51.0% of GDP, a fiscal balance of −4.0% of GDP, a current account balance of −0.4% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Mexico sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 202645505560Robomacro
Mexico sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202655.7BBB-
1 October 202662.2BBB
31 July 202662.2BBB
30 July 202650.1BB+
26 July 202652.6BBB-
21 June 202646.4BB
18 June 202647.9BB+
Get the Mexico sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/MX"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/MX",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Mexico, from official national and international statistics.

InputValueVintage
GDP per capitaUS$13,8892026
Real GDP growth, 5-year average3.0%2026
Inflation, recent average3.8%2026
Government debt51.0% of GDP2026
Fiscal balance−4.0% of GDP2026
Current account balance−0.4% of GDP2026
External debt32.9% of GDP2026
Foreign-exchange reserves4.0 months of imports2026
Governance (World Bank WGI composite)−0.5942026

How Mexico compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
53Jordan9 Nov 202657
54Guyana9 Nov 202657
55Thailand9 Nov 202657
56Bahrain9 Nov 202656
57Brazil9 Nov 202656
58Mexico9 Nov 202656
59Peru9 Nov 202655
60Vietnam9 Nov 202654
61Colombia9 Nov 202654
62Philippines9 Nov 202654
63Kazakhstan9 Nov 202653
64China9 Nov 202653

All 84 economies ranked →

Mexico economic indicators

Mexico GDP (Gross Domestic Product)Mexico Nominal GDP, current prices, NSA at annual rateMexico Inflation Rate (CPI)Mexico Core Inflation RateMexico Unemployment RateMexico 10-Year Government Bond YieldMexico Industrial ProductionMexico Retail SalesMexico Producer Price Inflation (PPI)Mexico Trade Balance: Goods & ServicesMexico Exports of Goods, FOB, total (INEGI), USD mnMexico Imports of Goods, FOB, total (INEGI), USD mnMexico Government Debt to GDPMexico Consumer confidence index, seasonally adjusted (INEGI BIE 454186)Mexico M2 Money StockMexico 10-Year Fixed-Rate Bond (M-Bono) Yield (Banxico SIE)

FAQ

What is Mexico's credit rating?
Makrognosis sovereign credit model scores Mexico at 56/100 as of 9 November 2026, equivalent to BBB- (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/MX returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.