Moody's gives Aa2, Aa3 ratings to New Mexico bonds

Moody's Investors Service said it assigned an Aa2 rating and stable outlook to New Mexico's severance tax bonds, series 2008A-1, and an Aa3 rating and stable outlook to New Mexico's supplemental severance tax bonds, refunding series 2008A-2, to be issued in the amounts of $149 million and $19.805 million, respectively.

Sale of the bonds was expected on May 20.

Moody's also affirmed the Aa2 rating and stable outlook assigned to $489 million in outstanding severance tax bonds and the Aa3 rating and stable outlook assigned to $46 million in outstanding supplemental severance tax bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.