By Rob Nikolewski | Capitol Report New Mexico
SANTA FE — Unraveling the mess at the New Mexico Finance Authority is going to take time, but the new interim boss at the authority says the biggest issue surrounding the fallout from a fraudulent audit – keeping Wall Street ratings agencies from downgrading the state’s bond ratings — can be avoided.
“I think the basic financial structure that’s been put in place with this agency, I don’t think that’s been harmed,” John Gasparich told Capitol Report New Mexico on last week after the NMFA Board announced he will take over as chief executive officer. “I think once we’ve established credibility with the financial community and with the local governments and so forth, I believe the bonds will be as good an investment as they ever were.”
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