NEW YORK (Standard&Poor's) Aug. 14, 2007--Standard&Poor's Ratings Services raised its underlying rating (SPUR) on Albuquerque, N.M.'s series 1996 senior state-shared gross receipt tax bonds one notch to 'AAA' from 'AA+' due to very strong debt service coverage and the bonds' effectively closed senior lien as long as subordinate debt remains outstanding. Simultaneously, the rating service raised its standard long-term rating on the city's series 1999B and 1999C gross receipt tax bonds one notch to 'AA+' from 'AA' due to strong debt service coverage and the city's broad sales tax base. The outlooks remain stable. Standard&Poor's also affirmed its 'AA+' SPUR, with a stable outlook, on the city's subordinate gross receipt tax and lodgers' tax
