Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's GO, Series 2022 - Moody's Global Credit Research

Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's GO, Series 2022

Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's GO, Series 2022 - Moody's Global Credit Research
Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's GO, Series 2022
Published May 18, 2022
5 pages (2284 words) — Published May 18, 2022
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...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

  
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Albuquerque Metro. Arroyo Flood Ctrl.Auth.,NM
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Albuquerque Metro. Arroyo Flood Ctrl.Auth.,NM: Update to credit analysis - Credit Opinion – 2023/10/10 – US$ 250.00 – ...Source: US Census Bureau, Albuquerque Metro Arroyo Flood Control Authority, NM's financial statements and Moody's Investors Service...

Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's GO bonds; outlook stable - Rating Action – 2023/10/10 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's GO, Series 2023A - Rating Action – 2022/12/08 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Albuquerque Metro. Arroyo Flood Ctrl.Auth.,NM: Update to credit analysis - Credit Opinion – 2022/05/19 – US$ 250.00 – ...The credit profile of Albuquerque Metro Arroyo Flood Control Authority, NM (AMAFCA, Aaa stable) benefits from the maintenance of very strong operating reserves and liquidity coupled with its very large service area that benefits from institutional presence in Bernalillo County (Aaa stable) and the City of Albuquerque (Aa3 positive). The Authority also derives strength from a manageable debt burden, that is mitigated by rapid principal amortization and a statutory issuance limitation, and average pension obligations. These attributes are weighed against a narrow scope of operations and very high fixed cost burden which is typical of a single-purpose district....

Albuquerque Metro. Arroyo Flood Ctrl. Auth., NM: Update to credit analysis - Credit Opinion – 2020/06/18 – US$ 250.00 – ...Albuquerque Metro Arroyo Flood Control Authority (Aaa stable) has a strong credit profile. The authority's financial position is healthy after surpluses in fiscal 2018 and fiscal 2019, and another anticipated for fiscal 2020. AMAFCA's tax base is large and sizable, inclusive of the City of Albuquerque, which serves as a regional economic hub. The direct debt burden is low and consists only of general obligation unlimited tax bonds. Typical of a single-purpose authority, which, in this case, is to bond for flood control projects, the authority has a very elevated fixed cost burden. The authority's pension liabilities are manageable, with just a modest "tread water" gap relative to revenue and reserves. We regard the coronavirus outbreak as a social risk under our ESG framework, given the substantial implications for public health and safety. We do not see any material immediate credit risks for AMAFCA. The authority is not reliant on gross receipt taxes for its operations; over 95% of its...

Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's Ser. 2020 GO bonds - Rating Action – 2020/06/18 – US$ 180.00 – ...ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications. To the extent permitted by law, MOODY'S and its directors, officers,...

Albuquerque Metro. Arroyo Flood Ctrl.Auth.,NM: Update to credit analysis - Credit Opinion – 2019/05/16 – US$ 250.00 – ...Albuquerque Metro Arroyo Flood Control Authority (Aaa stable) has a strong credit profile. The district's financial position is healthy, with a modest surplus reported in fiscal 2018, and another anticipated for fiscal 2019. AMAFCA's tax base is large and sizeable, inclusive of the City of Albuquerque, which serves as a regional economic hub. The direct debt burden is low and consists of general obligation unlimited tax bonds. Typical of a single-purpose district, which, in this case, is to bond for flood control projects, the authority has a very elevated fixed cost burden. The district's pension liabilities are manageable, with just a modest "tread water" gap relative to revenues and reserves....

Moody's assigns Aaa to Albuquerque Metro Arroyo Flood Control Authority, NM's Ser. 2019 GO bonds - Rating Action – 2019/05/15 – US$ 180.00 – ...MOODY'S CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS OR MOODY'S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained...

Albuquerque Metro. Arroyo Flood Ctrl.Auth.,NM: Update to credit analysis - Credit Opinion – 2018/05/10 – US$ 250.00 – ...Albuquerque Metro Arroyo Flood Control Authority (Aaa stable) has a strong credit profile. Despite a trend of modest, planned deficits, the district's financial position is healthy, with ample reserves compared to revenues. AMAFCA's tax base is large and sizeable, inclusive of the City of Albuquerque, which serves as a regional economic hub. The direct debt burden is low and consists of general obligation unlimited tax bonds. Typical of a single-purpose district, which, in this case, is to bond for flood control projects, the authority has a very elevated fixed cost burden. The district's pension liabilities are manageable, with just a modest "tread water" gap relative to revenues and reserves....

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Cite this Report

  
MLA:
Moody's Global Credit Research. "Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's GO, Series 2022" May 18, 2022. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-Aaa-to-Albuquerque-Metropolitan-Arroyo-Flood-Control-Authority-NM-s-GO-Series-2022-PR_907700372>
  
APA:
Moody's Global Credit Research. (). Moody's assigns Aaa to Albuquerque Metropolitan Arroyo Flood Control Authority, NM's GO, Series 2022 May 18, 2022. New York, NY: Alacra Store. Retrieved Mar 28, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-Aaa-to-Albuquerque-Metropolitan-Arroyo-Flood-Control-Authority-NM-s-GO-Series-2022-PR_907700372>
  
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