Bernalillo County

This is the official news archive for Bernalillo County. Here, you'll find news releases sent by the county,

including media contact information for each item.

 

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

03/04/2021
3:22 PM
Tom Thorpe, O (505) 314-0403, C (505) 414-0485 - tthorpe@bernco.gov

Bernalillo County – 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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About Bernalillo County

Bernalillo County is 1,160 square miles and is New Mexico’s most populous county with more than 676,000 residents. Bernalillo County government provides a wide range of public services to residents who live in Albuquerque, Los Ranchos and Tijeras and the 111,000 residents who live outside the village and city limits in the unincorporated areas of the county.  Bernalillo County employs approximately 2,500 people and has an annual operating budget and capital investments of more than $650 million. Elected officials include five county commissioners, assessor, clerk, probate judge, sheriff, and treasurer.

 

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