Paraíba consolidates fiscal excellence and maintains top rating from S&P Global for the third consecutive year

The Government of Paraíba has achieved, for the third consecutive year, the highest rating assigned by the S&P Global Ratings risk rating agency. The updated report, released this April 2026, reaffirms the issuer credit rating of *‘brAAA’ with a stable outlook, positioning the state at the forefront of fiscal management excellence in Brazil.

Maintaining the maximum rating reflects the trajectory of fiscal prudence over the last decade, which has allowed the state to accumulate liquidity reserves and maintain a low level of indebtedness. According to S&P Global, this solidity is what sustains the current cycle of accelerated public investments (capex) aimed at keeping pace with Paraíba's economic growth.

"The state's financial administration maintains prudent fiscal policies, monitoring fiscal indicators to comply with the Fiscal Responsibility Law. Fiscal discipline has enabled Paraíba to build liquidity buffers and maintain adequate fiscal indicators, keeping the Payment Capacity (CAPAG), measured by the National Treasury, at its highest level in recent years," points out S&P.

According to the report, "Paraíba's individual credit profile reflects a solid fiscal performance that sustains the confidence of multilateral institutions for new financing." The stable outlook indicates that, even with projected operating surpluses of around 10%, the state has sufficient "liquidity buffers" to absorb the planned increase in investments without compromising its credit quality.

According to the Secretary of Planning, Budget and Management, Gilmar Martins, "the stable outlook reflects our confidence that the continuity of operating surpluses and the liquidity generated by fiscal balance in recent years will enable the sustainability of public policies, investments, and support for economic and social growth," he said.

S&P Global Ratings - The rating is a credit risk assessment assigned by Standard & Poor's, the most traditional credit rating agency, which indicates the probability of an issuer—such as a country or company—repaying its debts. High ratings (AAA to BBB-) indicate low risk (investment grade), while low ratings (BB+ and below) signal a high risk of default.