ALBUQUERQUE, N.M. — Bernalillo County’s investments haven’t produced much good news over the last six months.
But that changed this week, when the county learned it will keep its top credit ratings, following a rather painful restructuring of its investment portfolio.
All three major rating agencies have given the county a “AAA” grade, the highest available, according to the county.
The news comes after County Commission Chairwoman Debbie O’Malley, County Manager Tom Zdunek and Deputy County Manager of Finance Teresa Byrd meet with the bond-rating agencies in Dallas last week.
O’Malley said that representatives of the rating agencies asked detailed questions and Byrd offered up pages and pages of spreadsheets.
“I think it made a difference,” O’Malley said.
Support your local Albuquerque Journal & Dan McKay SUBSCRIBE NOW cancel anytime