Moody's assigns Aa1 rating to New Mexico G.O. bonds

Moody's Investors Service said it assigned a Aa1 rating and stable outlook to New Mexico's $74 million general obligation bonds, refunding series 2008A, to be sold during the week of June 16.

Proceeds will be used to refund general obligation debt issued to finance state capital projects.

Moody's also affirmed the Aa1 rating and stable outlook assigned to the state's $312 million in outstanding long-term general obligation debt.

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