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By Rob Nikolewski | Capitol Report New Mexico
SANTA FE — Given the uncertainty caused by the fraudulent internal audit at the New Mexico Finance Authority, there’s been plenty of anxiety about whether Wall Street ratings agencies such as Moody’s and Standard & Poor’s might downgrade the state’s credit ratings.
New Mexico received a measure of good news Thursday.
Moody’s said the bogus audit will not affect its review of the state’s $1.8 billion Transportation Revenue Bonds and $12.9 million Cigarette Tax Revenue Bonds.
Read the complete story at www.capitolreportnewmexico.com.
