Standard&Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to the New Mexico Finance Authority's (NMFA) series 2014B-1 senior-lien refunding revenue bonds issued for the New Mexico State Transportation Commission (formerly New Mexico State Highway Commission). Standard&Poor's also assigned its 'AA' rating, and stable outlook, to the NMFA's series 2014B-2 subordinate-lien state transportation refunding revenue bonds, issued for the commission. In addition, Standard&Poor's affirmed its 'AA' rating with a stable outlook on the NMFA's parity subordinate-lien bonds outstanding. Finally, Standard&Poor's affirmed its 'AAA' rating on the NMFA's senior-lien state transportation revenue bonds outstanding and its 'AA' rating on the NMFA's subordinate-lien bonds outstanding. The outlook on both is stable. The ratings
