Home Credit Ratings and Research S&P Global Ratings’ Credit Research Albuquerque

Albuquerque, NM GO Bonds Rated 'AA'

Published Jul 30, 1999

654 words — Published Jul 30, 1999

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Abstract:

NEW YORK (Standard&Poor's CreditWire) July 30, 1999--Standard&Poor's today assigned its double-'A' rating to Albuquerque, N.M.'s $24.11 million GO bonds series 1999C due July 1, 2009. The bonds are scheduled to sell Aug. 2, 1999. At the same time, Standard&Poor's affirmed its double-'A' rating on the city's outstanding GO general purpose and sewer bonds. The rating reflects: -- An expanding and diverse economic base, -- Average wealth and income indicators, -- Moderate debt levels, and Sound financial performance. The bonds are secured by unlimited ad valorem property taxes. Albuquerque (population 436,400) is New Mexico's largest city and economic center. Services and trade (55.6% of labor force), government (19%), and manufacturing (8.8%) represent the economic core

Brief Excerpt:

RESEARCH Albuquerque, NM GO Bonds Rated '##' Publication date: 30-Jul-1999 NEW YORK (Standard & Poor's CreditWire) July 30, 1999--Standard & Poor's today assigned its double-'A' rating to Albuquerque, N.M.'s $24.11 million GO bonds series...

Report Type:

Ratings Action

Issuer

Albuquerque

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

Summary: Albuquerque, NM; General Obligation, Local GO – 1999/08/02 – US$ 225.00

SP CORR:Albuquerque, NM's Txble Gross Rcpts Tax Imp Bnds Rated `AA'; Outlook Stable – 1999/11/09 – US$ 150.00

Summary: Albuquerque, NM; Pf Structured, Letter of Credit; Revenue - Transportation, Miscellaneous Tax Revenue – 1999/11/16 – US$ 225.00

Summary: Albuquerque, NM; General Obligation, Local GO – 2000/01/05 – US$ 225.00

Summary: Albuquerque, NM; Pf Structured, Insured Liquidity – 2000/01/25 – US$ 225.00

Summary: Albuquerque, NM; Revenue - Transportation, Miscellaneous Tax – 1999/03/10 – US$ 225.00

Albuquerque,N.M.'s Gross Receipts Tax Bonds Rated 'AA';Outlook Stable – 1999/03/04 – US$ 150.00

Summary: Albuquerque, NM; General Obligation, Local GO – 1999/02/17 – US$ 225.00

Albuquerque, NM General Purpose&Storm Sewer GO Bonds Rated 'AA' – 1999/02/16 – US$ 150.00

Summary: Albuquerque, NM; Revenue - Higher Education, Independent Schools – 1999/02/01 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Albuquerque, NM GO Bonds Rated 'AA'" Jul 30, 1999. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Albuquerque-NM-GO-Bonds-Rated-AA-113385>

APA:	S&P Global Ratings’ Credit Research. (). Albuquerque, NM GO Bonds Rated 'AA' Jul 30, 1999. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Albuquerque-NM-GO-Bonds-Rated-AA-113385>

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