NEW YORK (Standard&Poor's) May 30, 2003—Standard&Poor's Ratings Services said today it assigned its 'AA' rating to Albuquerque, N.M.'s $99.995 million general obligation bonds series 2003A, B, and C, based on the city's full faith and credit pledge. The rating on the bonds, which are scheduled to sell June 2, reflects an expanding and diversifying economic base, historically stable financial operations, and a manageable debt burden. The current outlook is stable based on the expectation of decisive financial management by the city, including the maintenance of stable financial operations and targeted reserve levels. Standard&Poor's also affirmed its 'AA' rating on the city's approximately $160 million of outstanding general obligation debt. Albuquerque, with a population of
