DALLAS (Standard&Poor's) May 7, 2008--Standard&Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Albuquerque, N.M.'s general obligation (GO) debt to 'AAA' from 'AA' due to the city's strong financial management, consistent maintenance of strong fund balances, and central role in the state economy. Standard&Poor's also assigned its 'AAA' standard long-term rating to the city's series 2008A GO bonds and series 2008B GO storm sewer bonds. The bonds are secured by the city's full faith and credit pledge, payable from unlimited property tax revenues. The upgrade affects approximately $212.6 million in existing GO debt. The outlook on the ratings above is stable. The ratings reflect the city's diversified economic base, which
