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RUIDOSO (NM) SALES TAX BONDS AFFIRMED AT 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 26 /PRNewswire/ -- Ruidoso (NM)'s sales tax revenue bonds are affirmed at 'BBB' by Fitch.
 The 'BBB' rating reflects the village's satisfactory general fund financial operations and large fund balance, its demonstrated ability to meet its financial commitments during times of economic downturn, and sound coverage levels by the state-distributed gross receipts tax that secures the bonds. These factors balance the risks inherent in a tourism-dependent economy and a high debt load. The credit trend is stable.
 -0- 01/26/93
 /CONTACT: Ruth M. Levine, 212-908-0605, or Colleen Woodell, 212-908-0507, both of Fitch/


CO: ST: New Mexico IN: SU: RTG

AH -- NY113 -- 9302 01/26/93 17:10 EST
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Publication:PR Newswire
Date:Jan 26, 1993
Words:112
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