New Mexico

Las Cruces Public Schools officials are proposing a $50 million general obligation bond that would go before voters in February 2018.

Aside from embarrassment to its finance team, New Mexico won't be hurt by its mistaken advance refunding of $79 million of non-callable bonds, officials said.

The state will restructure an escrow account created to advance refund bonds that were found not to be callable.

A big drop-off in Texas and a decline in refundings took a bite out of the municipal bond business in the Southwest.

A decline in international student applications following President Trump's travel ban ratchets up fiscal pressure on public colleges and universities.

Among those affected by the EnerVest collapse are public pension funds in Texas, Colorado, Illinois, New Mexico, California and Florida.

SANTA FE, N.M. — New Mexico appears to have dodged -- at least for now -- an additional downgrade to its bond rating, though a national credit rating agency warned that the state still faces deep-rooted economic challenges.

LAS CRUCES, N.M. -- Las Cruces city councilors on Monday turned down a proposal to send a three-project, $10 million package of General Obligation bonds to voters in a November election.

SANTA FE, N.M. -- It's an odd way to come up with cash.

Building Trump’s wall on the Mexico border could raise costs for other projects in the border region by impacting material and labor prices.

New Mexico Gov. Susan Martinez's signature on Senate Bill 114 is a negative credit factor for the state's schools, according to Moody's Investors Service. The bill reduces state aid by 2%.

Most of the oil states have gone into recession, S&P Global Ratings said in a new report.

Otero County, N.M. disclosed the IRS said its bonds did not comply with tax requirements.

Two weeks after New Mexico lost its triple-A rating from Moody's Investors Service, New Mexico took a one notch downgrade from S&P Global Ratings to AA with the outlook remaining negative.

A $500 million bond issue for a new Major League Baseball stadium in Arlington, Texas, a $720 million transportation issue in Austin and a record amount of school bonds in Colorado were among the winners in Tuesday’s elections in the Southwest.

A special session of the New Mexico Legislature that cut nearly $371 million of spending to keep pace with falling revenues created a negative credit factor for public education, according to Moody's Investors Service.

New Mexico has fallen from the ranks of Moody’s Investors Service Aaa-rated states due to shrinking reserves and falling revenues.

Moody's Investors Service said it has downgraded the state of New Mexico's general obligation bonds to Aa1 from Aaa, affecting $327 million of outstanding debt.

State and local governments and showing a wide variety of impacts from the collapse of the oil market that began two years ago, ratings analysts say.

Providence Health & Services took a one-notch downgrade from Fitch Ratings, ahead of a planned &803 million revenue bond deal for Providence St. Joseph Health.