- Language: English
- Published: October 2012
- Region: Mexico
Summary: New Mexico Finance Authority; State Revolving Funds/Pools Oct 09
- Published: October 2009
- Region: Mexico, New Mexico
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to New Mexico Finance Authority's series 2009E taxable senior-lien public project revolving fund revenue bonds. In addition, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR) on the authority's bonds outstanding. The ratings reflect what we view as the authority's: Large borrower pool of governmental entities; Currently good maximum annual debt service (MADS) coverage (1.29x) through cash flow streams that can withstand our default tolerance tests relative to the program's diversity at the 'AA' rating category; Formalized policies that define the program's loan management and debt management practices, including enhanced systems and portfolio control in the past few years; History of no defaults among...
Companies mentioned in this report are:
- New Mexico Fin Auth
Action: New Rating
Action: Outlook: Stable
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- New Mexico Fin Auth