News and News Releases
Bond Sale
AMAFCA's final bond sale from the 2006 Bond Authorization, for $9.75 million in bonds, sold at a very low 2.979924% to Morgan Keegan & Company on July 24, 2008. This is the lowest interest rate AMAFCA has received since 2003. AMAFCA's excellent bond rating in today's marketplace directly lead to the low interest rate, which will save taxpayers $56,000 over the next seven years.
Natural Double-AAA Bond Rating
For the second Bond Sale in a row, AMAFCA received a "natural double-AAA" rating, the highest rating of a government agency in the State of New Mexico, by maintaining its AAA rating from Standard & Poors and Aaa rating from Moody's. These bond ratings save taxpayers money by keeping bond interest rates low.