Standard&Poor's Ratings Services has assigned its 'AA+' rating to New Mexico Finance Authority's series 2015A subordinate-lien public project revolving refunding fund bonds. At the same time, Standard&Poor's has affirmed its 'AAA' rating on the authority's senior-lien bonds outstanding and its 'AA+' rating on the authority's subordinate-lien bonds outstanding. The 'AAA' rating on the senior-lien bonds continues to reflect our view of the combination of a very strong enterprise risk profile score and an extremely strong financial risk profile score, resulting from: A very strong market position; An extremely strong loss coverage score, partially offset by the high degree of concentration in the program as a whole, but bolstered by a history of positive growth in governmental
