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Summary: Bernalillo County, New Mexico; General Obligation Feb 12 Product Image

Summary: Bernalillo County, New Mexico; General Obligation Feb 12

  • ID: 2052890
  • February 2012
  • Region: Mexico, New Mexico
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Bernalillo County, N.M.'s series 2012 general obligation (GO) refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the county's existing GO debt. The rating reflects our view of the county's: Central role in the state economy; Relatively stable economy with, what we consider, strong links to the government, defense-related research, health care, and high-tech sectors; Strong financial management and consistent maintenance of, what we regard as, large general fund balances; Relatively low operational funding interdependencies with the federal government; and Low overall debt and, what we view as, rapid amortization of principal despite elevated debt service carrying charges. Unlimited ad valorem property taxes levied...

Companies mentioned in this report are:
- Bernalillo Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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