Resumen

HERNANDEZ TRILLO, Fausto  y  VARGAS, Bruno. A Model for Determining of the Municipal Credit Risk in Mexico. Inv. Econ [online]. 2012, vol.71, n.280, pp.85-119. ISSN 0185-1667.

This work develops an alternative methodology to measure the financial risk of Mexican Municipalities. This is done in response to the change in Mexican financial risk regulation issued by the authority. The idea is to combine a Principal components model with credit scoring. Results are then compared to those of one of the rating agencies' and yield robust estimations.

Palabras llave : credit raters; principal components; municipalities; financial risk.

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