NEW MEXICO (STATE OF) -- Moody's places New Mexico's Aaa G.O. rating under review for possible downgrade

New York, September 12, 2016 -- Moody's Investors Service has placed under review for possible downgrade the Aaa rating of the State of New Mexico's general obligation bonds, affecting $327 million in outstanding debt. In conjunction with this action we have also placed under review for possible downgrade the following related ratings: the Aa1 rating on the state's Lease Appropriation Bonds (Fort Bayard Project) Series 2008, issued through Grant County; the Aa1 rating on the New Mexico School District Enhancement Program (post March 30, 2007); and the Aa1 rating on the New Mexico School District Enhancement Program (pre March 30, 2007).

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