S&P Global Ratings assigned its 'AA' long-term rating to the New Mexico Finance Authority 's $194.57 million series 2026A state transportation revenue bonds (state transportation commission--subordinate lien), issued for the New Mexico State Transportation Commission . At the same time, we affirmed our 'AA+' long-term rating on the senior-lien transportation revenue bonds outstanding as well as our 'AA' rating on the subordinate-lien revenue bonds outstanding. The outlook on both the senior- and subordinate lien-revenue bond ratings is stable. ENGLEWOOD (S&P Global Ratings) May 29, 2026--S&P Global Ratings today took the rating actions listed above. New Mexico has below-average population growth and an age dependency ratio that is substantially above the national average, leading to an exposure to social capital risks.
