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BRIEF-S&P says New Mexico Finance Authority subordinate-lien bond outlook revised to positive from stable
May 9, 2017 / 4:33 PM / 4 months ago

BRIEF-S&P says New Mexico Finance Authority subordinate-lien bond outlook revised to positive from stable

May 9 (Reuters) -

* S&P says New Mexico Finance Authority subordinate-lien bond outlook revised to positive from stable

* S&P says affirmed ‘AAA’ rating on New Mexico Finance Authority’s outstanding senior-lien bonds and ‘AA+’ rating on its outstanding subordinate-lien bonds

* S&P - outlook revision reflects intent of NMFA board to establish indentured subordinate-lien reserve fund using funds from contingent liquidity account Source text (bit.ly/2pgPxWE)

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