Monday, February 9, 2026
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Albuquerque

Tag: infrastructure

New Mexico’s bond rating upgrade, explained: what changed, why it matters, and what could still go wrong

Moody’s upgraded New Mexico’s issuer rating to Aa1 from Aa2, citing governance and steps to reduce reliance on volatile oil-and-gas revenue. The move can lower borrowing costs over time, but analysts and officials are watching federal funding risks and the durability of the state’s revenue shift toward recurring investment income.