CHICAGO (Standard&Poor's CreditWire) May 3, 2000--Standard&Poor's today assigned its triple-'A'/'A-1'-plus rating to Albuquerque, N.M.'s $7.2 million subordinate lien adjustable-rate airport revenue bonds government purpose series 2000A and $40 million subordinate lien adjustable-rate airport revenue bonds taxable series 2000B. The long-term ratings are based on insurance policies issued by AMBAC. The short-term ratings are based on a standby bond purchase agreement provided by Morgan Guaranty Trust Co. Initially, the bonds will bear interest at the weekly rate and can be converted to bear interest at the daily rate, bond interest term rate or the long-term interest rate. The bonds are subject to mandatory tenders on the following: -- The first day following the last day of the
