Moody’s Ratings announced an improvement in the credit outlook of Fibra SOMA, changing it from stable to positive, driven by the strengthening of its financial profile, reduced execution risk, and a stronger capital structure.

According to the report issued by the rating agency, the positive outlook reflects the expectation that Fibra SOMA will continue strengthening its credit metrics and financial policies, supported by stabilized operations, disciplined capital allocation, and greater visibility into cash flow generation.

Moody’s also highlighted that Fibra SOMA’s financial profile has strengthened significantly following its capital-raising efforts during 2025 and 2026, which totaled approximately MXN $13 billion. The company has allocated most of these resources toward development capex investments, acquisitions, and debt amortization, contributing to lower financing costs and a stronger balance sheet.

Additionally, the rating agency noted that Fibra SOMA’s execution risk has decreased considerably as its development project portfolio continues to mature. In this regard, Moody’s estimates that development assets will represent approximately 12% of gross leasable area by the third quarter of 2026, compared to 60% in 2021, supporting the transition toward a more stable operating profile.

The report also mentions that proceeds from the proposed senior unsecured bond issuance would primarily be used to refinance existing corporate and development debt, as well as for general corporate purposes.

This recognition reaffirms Fibra SOMA’s growth and financial strengthening strategy, as well as its commitment to maintaining a solid capital structure and disciplined management focused on generating long-term value.