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State is slow to report its financials

JULY 23, 2018 | by Sheila Weinberg | ALBUQUERQUE JOURNAL (NEW MEXICO)

Finance

 “… The good news is the credit rating agency still indicates the state’s obligations are considered to be 'upper-medium-grade and are subject to a low credit risk' of default. … The bad news is the credit rating is not an indicator of the financial condition of the state. The credit rating provides information to bond investors about the state’s ability to pay off its bonds when they come due. It is not a grade of the state’s overall finances.”

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