New Mexico Finance Authority $159 Million Public Project Revolving Fund Revenue Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research

New Mexico Finance Authority $159 Million Public Project Revolving Fund Revenue Bonds Assigned 'AAA' Rating

New Mexico Finance Authority $159 Million Public Project Revolving Fund Revenue Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research
New Mexico Finance Authority $159 Million Public Project Revolving Fund Revenue Bonds Assigned 'AAA' Rating
Published Oct 02, 2023
2 pages (1055 words) — Published Oct 02, 2023
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Oct. 2, 2023--S&P Global Ratings assigned its 'AAA' long-term rating to the New Mexico Finance Authority's (NMFA) $159.0 million series 2023B senior-lien public project revolving fund (PPRF) revenue bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating and underlying rating (SPUR) on NMFA's outstanding senior- and subordinate-lien bonds. The outlook is stable. "We view the authority's enterprise profile as very strong and its financial risk profile as extremely strong," said S&P Global Ratings credit analyst Adriana Artola. Bond proceeds will reimburse or simultaneously fund 22 projects made under the PPRF program. The authority comprises 11 members, who serve as the governing body, with an executive committee providing operational oversight and direction.

  
Brief Excerpt:

...October 2, 2023 SAN FRANCISCO (S&P Global Ratings) Oct. 2, 2023--S&P Global Ratings assigned its '###' long-term rating to the New Mexico Finance Authority's (NMFA) $159.0 million series 2023B senior-lien public project revolving fund (PPRF) revenue bonds. At the same time, S&P Global Ratings affirmed its '###' long-term rating and underlying rating (SPUR) on NMFA's outstanding senior- and subordinate-lien bonds. The outlook is stable. "We view the authority's enterprise profile as very strong and its financial risk profile as extremely strong," said S&P Global Ratings credit analyst Adriana Artola. Bond proceeds will reimburse or simultaneously fund 22 projects made under the PPRF program. The authority comprises 11 members, who serve as the governing body, with an executive committee providing operational oversight and direction....

  
Report Type:

Ratings Action

Issuer
New Mexico Finance Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "New Mexico Finance Authority $159 Million Public Project Revolving Fund Revenue Bonds Assigned 'AAA' Rating" Oct 02, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/New-Mexico-Finance-Authority-159-Million-Public-Project-Revolving-Fund-Revenue-Bonds-Assigned-AAA-Rating-3065394>
  
APA:
S&P Global Ratings’ Credit Research. (). New Mexico Finance Authority $159 Million Public Project Revolving Fund Revenue Bonds Assigned 'AAA' Rating Oct 02, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/New-Mexico-Finance-Authority-159-Million-Public-Project-Revolving-Fund-Revenue-Bonds-Assigned-AAA-Rating-3065394>
  
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