NEW YORK (Standard&Poor's) May 13, 2004—Standard&Poor's Ratings Services assigned its 'AA' rating to Albuquerque, N.M.'s $35.8 million general-purpose taxable general obligation bonds series 2004A and B, reflecting the city's expanding and diversifying economic base, historically stable financial operations, and manageable debt burden. The outlook is stable based on the expectation that the city will maintain adequate reserve levels and manageable debt levels. The series 2004A and B bonds are secured by the city's full faith and credit pledge. Proceeds will be used to finance the acquisition of certain projects related to fire and police protection, parks and recreation, libraries, transit, and other purposes. Following the sale of the series 2004 bonds, the city will have about
