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

02/20/2019

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 a solid financial foundation with healthy reserves and thorough oversight,” Bernalillo County Commission Chair Maggie Hart Stebbins says. “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’s strong and stable condition demonstrates the excellent fiscal management our county staff provides,” County Manager Julie Morgas Baca says. “We will continue to strive to be fiscally responsible to the citizens we serve.”

While other governments in New Mexico have experienced downgraded ratings due to increasing unfunded pension liabilities, Bernalillo County was cited as having an ample monetary reserve position and an established pension reserve of $3 million which was established in fiscal year 2018 and reduces the associated risk in the near term.

“Bernalillo County has a very strong liquidity profile,” says Deputy County Manager for Finance Shirley Ragin. “This is all attributed to our investment policy being transparent and our conservative approach to investments that provides stability to our liquidity profile.”

On Tuesday, Feb. 26, the county will sell a $23.1 million general obligation bond package to finance road, library, parks, storm drain, and facility improvement projects.

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  • Free. For adults and senior citizens.
    Location:
    Paradise Hill Community Center, 5901 Paradise NW
    Time:
    3/20/2019 9:00 AM - 3/20/2019 12:15 PM

  • See flier for details.
    Location:
    Los Vecinos Community Center, 478 NM-333 Tijeras
    Time:
    3/20/2019 9:00 AM - 3/20/2019 12:00 PM

  • Please be advised that the Bernalillo County Detention Facility Oversight Board will meet on Wednesday, March 20, 2019 at 4:30 p.m. The meeting will be held at Union Square, 111 Union Square SE, Albuquerque, NM 87102, First Floor conference room. See attached agenda.
    Location:
    Union Square, 111 Union Square SE, Albuquerque, NM 87102, First Floor conference room
    Time:
    3/20/2019 4:30 PM

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