Las Cruces, NM GO Improvement Bonds Assigned 'AA-' Rating

CENTENNIAL (S&P Global Ratings) Feb. 5, 2019--S&P Global Ratings assigned its 
'AA-' long-term rating to Las Cruces, N.M.'s series 2019 general obligation 
(GO) improvement bonds. The outlook is stable. 
Proceeds will be used to construct and improve parks and walking, jogging, and 
biking trails, and to construct a fire station. 

"The rating reflects our view of the city's strong management and budgetary 
performance, and very strong budgetary flexibility and liquidity," said S&P 
Global Ratings credit analyst Katelyn Kerley.

The stable outlook reflects our expectation that the city will maintain stable 
operations and very strong reserves while continuing to benefit from steady 
economic growth.