Summary: New Mexico Finance Authority New Mexico State Transportation Commission; Letter of Credit - S&P Global Ratings’ Credit Research

Summary: New Mexico Finance Authority New Mexico State Transportation Commission; Letter of Credit

Summary: New Mexico Finance Authority New Mexico State Transportation Commission; Letter of Credit - S&P Global Ratings’ Credit Research
Summary: New Mexico Finance Authority New Mexico State Transportation Commission; Letter of Credit
Published Aug 06, 2015
3 pages (969 words) — Published Aug 06, 2015
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Abstract:

Standard&Poor's Ratings Services confirmed its 'AA-/A-1+' rating on New Mexico Finance Authority's series A-1 and B-1 (subordinate lien) adjustable-rate state transportation refunding revenue bonds, issued for New Mexico State Transportation Commission, due to the bank facility being extended to June 17, 2020. The long-term and short-term components of the rating are based on the rating on the letter of credit provider, State Street Bank and Trust Co. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, Feb. 20, 2015

  
Brief Excerpt:

...Standard & Poor's Ratings Services confirmed its '##-/A-1+' rating on New Mexico Finance Authority's series A-1 and B-1 (subordinate lien) adjustable-rate state transportation refunding revenue bonds, issued for New Mexico State Transportation Commission, due to the bank facility being extended to June 17, 2020. The long-term and short-term components of the rating are based on the rating on the letter of credit provider, State Street Bank and Trust Co....

  
Report Type:

Summary

Issuer
New Mexico Fin Auth
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: New Mexico Finance Authority New Mexico State Transportation Commission; Letter of Credit" Aug 06, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-Mexico-Finance-Authority-New-Mexico-State-Transportation-Commission-Letter-of-Credit-1430017>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: New Mexico Finance Authority New Mexico State Transportation Commission; Letter of Credit Aug 06, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-Mexico-Finance-Authority-New-Mexico-State-Transportation-Commission-Letter-of-Credit-1430017>
  
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