YOU CAN THANK A RECENT WINDFALL FOR NEW MEXICO’S CREDIT RATING HOLDING STEADY. AND THAT’S ALLOWED STATE LAWMAKERS TO BOOST SPENDING AND REBUILD NEW MEXICO’S DEPLETED RESERVES. BUT NEW MEXICO’S PENSION ISSUES AND ITS HIGH ENROLLMENT IN MEDICAID HAS A NATIONAL CREDIT RATING AGENCY, MOODY’S, STILL CONCERNED. FORTY PERCENT OF THE STATE POPULATION IS ENROLLED IN MEDICAID … ONE OF THE HIGHEST IN THE U-S.
IF THE CREDIT RATING FOR THE STATE IS DOWNGRADED, IT’LL HAVE NEW MEXICO PAYING MORE TO BORROW FOR INFRASTRUCTURE PROJECTS.
