CNM Receives Strong Bond Rating from Moody’s and Standard & Poor’s

In advance of CNM’s $56.5 million General Obligation Bond sale to fund a variety of major projects, national credit rating agencies Moody’s and Standard & Poor’s recently evaluated CNM’s financial status. Both agencies assessed CNM with their second-highest rating (AA1 by Moody’s and AA+ by S&P) among nine possible levels. Both reports noted various CNM strengths, including:

• Strong financial operating performance and healthy financial resources
• Stable financial position and healthy financial reserves
• Modest debt burden
• Sizable, growing tax base

Moving forward, CNM will strive to maintain its strong credit rating by continuing to:

• Stabilize and grow enrollment
• Ensure a low to moderate debt burden with rapid repayment of debt
• Continue to prioritize operating balance by prudently managing expenses and diversifying revenues
• Maintain strong financial reserves

The voter-approved 2025 General Obligations Bonds will finance the construction, renovation, and/or equipping of educational facilities, including applied technology programs at the new RioTECH campus; the Film and Digital Media Center at the Rail Yards; the Ted Chavez Trades & Technologies Center on Main Campus; and health and safety improvements at all campuses.