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New Mexico Political Report
Posted inQuick Reads

Moody’s downgrades NM bond ratings

A top financial rating firm downgraded the status of New Mexico’s general obligation bonds, citing large pension obligations and Medicaid costs. A rating downgrade means it will be more expensive for the state to borrow money. General obligation bonds, or GO bonds, are used to finance capital improvement projects, like building state buildings. Moody’s Investors […]