Barbara Baca Commission Chair | County of Bernalillo
Barbara Baca Commission Chair | County of Bernalillo
Bernalillo County has achieved a Triple A bond rating from both Standard & Poor’s Global Ratings and Moody’s Investor Services. Additionally, the county received a AA+ rating from Fitch. These high ratings enable the county to finance voter-approved projects at lower interest rates by selling general obligation (GO) bonds.
On February 25, Bernalillo County plans to sell $31.6 million in GO bonds that voters approved during the 2020 and 2024 elections. These bonds will be funded through property tax levies and will support various capital improvements including public safety, county libraries, roads, parks, and other facilities.
Standard & Poor’s praised Bernalillo County for its “sophisticated management team” and ability to achieve “better-than-budgeted results,” leading to their top-tier rating. Moody’s supported its Aaa rating by highlighting the county's above-median leverage and low fixed costs. Meanwhile, Fitch Ratings noted the county's “robust” financial health as a reason for its AA+ grade.
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