NY -- Standard&Poor's CreditWire 8/4/98 – Standard&Poor's today assigned its single-'A'-plus rating to Albuquerque, New Mexico's $42.91 million government purpose airport refunding revenue bonds (Albuquerque International Airport) series 1998. The outlook is stable. The rating on Albuquerque, New Mexico's airport refunding revenue bonds reflects the following credit factors: -- The facility's dominant market position in the state, -- High origination and destination travel, -- Historically solid enplaned passenger levels despite a 5% decrease in 1998, -- Moderate future capital needs, and -- Good senior and total obligation debt service coverage. The rating also reflects a concentration in the airport's carrier base with 43% of the market represented by Southwest Airlines Co. (single-'A'-minus/Stable) and above-average debt per
