Albuquerque, NM's GO Bonds Rated 'AA'

SAN FRANCISCO (Standard&Poor's CreditWire) July 31, 2001--Standard&Poor's has assigned its double-'A' rating to Albuquerque, N.M.'s $50.83 million GO bonds. The bonds are scheduled to sell on Aug. 6, 2001. In addition, Standard&Poor's affirmed the double-'A' rating on Albuquerque's outstanding GO bonds. The outlook is stable. The city of Albuquerque, NM's bonds are secured by unlimited ad valorem property taxes. The rating reflects: - - An expanding and diverse economic base; - - Slightly above average wealth and income indicators; - - Moderate debt levels; and, - - Sound financial performance. Albuquerque, with a population of 448,607, is New Mexico's largest city and economic center. Services and trade (56% of labor force), government (19.4%), and

RESEARCH Albuquerque, NM's GO Bonds Rated '##' Publication date: 31-Jul-2001 SAN FRANCISCO (Standard & Poor's CreditWire) July 31, 2001--Standard & Poor's has assigned its double-'A' rating to Albuquerque, N.M.'s $50.83 million GO bonds....

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