Research Update: New Mexico Finance Authority Series 2026E Senior-Lien Public Project Revolving Fund Revenue Bonds Assigned'AAA'Rating - S&P Global Ratings’ Credit Research

Research Update: New Mexico Finance Authority Series 2026E Senior-Lien Public Project Revolving Fund Revenue Bonds Assigned'AAA'Rating

Research Update: New Mexico Finance Authority Series 2026E Senior-Lien Public Project Revolving Fund Revenue Bonds Assigned'AAA'Rating - S&P Global Ratings’ Credit Research
Research Update: New Mexico Finance Authority Series 2026E Senior-Lien Public Project Revolving Fund Revenue Bonds Assigned'AAA'Rating
Published Nov 05, 2026
Published Nov 05, 2026
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its'AAA'long-term rating to the New Mexico Finance Authority's (NMFA's, or the authority's) $53.99 million series 2026E senior-lien public project revolving fund (PPRF) revenue bonds. At the same time, S&P Global Ratings affirmed its'AAA'long-term rating on NMFA's senior- and subordinate-lien bonds outstanding and its'AA'long-term rating on NMFA's junior-lien bonds outstanding. The outlook is stable. Senior indenture borrower agreement revenue and a first lien on the PPRF's 75% portion of New Mexico's governmental gross receipts tax (GGRT) distribution secure the senior-lien bonds. Subordinate indenture borrower agreement revenue plus revenue released from the senior-lien, including excess senior-lien loan revenue and GGRT revenue, after payment of senior-lien debt service secure the subordinate-lien bonds.

  
Report Type:

Research Update

Issuer
New Mexico Finance Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: New Mexico Finance Authority Series 2026E Senior-Lien Public Project Revolving Fund Revenue Bonds Assigned'AAA'Rating" Nov 05, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-New-Mexico-Finance-Authority-Series-2026E-Senior-Lien-Public-Project-Revolving-Fund-Revenue-Bonds-Assigned-AAA-Rating-3655291>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: New Mexico Finance Authority Series 2026E Senior-Lien Public Project Revolving Fund Revenue Bonds Assigned'AAA'Rating Nov 05, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-New-Mexico-Finance-Authority-Series-2026E-Senior-Lien-Public-Project-Revolving-Fund-Revenue-Bonds-Assigned-AAA-Rating-3655291>
  
US$ 225.00
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