Bernalillo County Receives Triple A Bond Ratings from Moody’s, Fitch and Standard and Poor’s

3:29 PM

Bernalillo County has kept its triple A bond rating with the three major rating companies in the country, Moody’s, Fitch and Standard and Poor’s.

Bond ratings are critical to government agencies.  The higher bond rating means the county receives lower interest rates when selling bonds to finance voter-approved projects.

“These top ratings show Bernalillo County has worked hard to maintain a solid financial foundation with healthy reserves,” says Bernalillo County Manager Julie Morgas Baca. “In turn, bond investors should feel confident and residents will see improvements through capital projects that will improve services and quality of life.”

Bernalillo County was cited as having an ample monetary reserve position and an established pension reserve.  Additionally, the county has a very strong liquidity profile that’s attributed to the investment policy being transparent and a conservative approach to investments that provides stability to the liquidity profile.

On March 17 the county is preparing to sell $27.35 million in general obligation bonds and refinance the 2012A general obligation bond series.

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