SAN FRANCISCO (Standard&Poor's CreditWire) Jan. 9, 2001--Standard&Poor's has assigned its double-'A' rating to Albuquerque, N.M.'s $2.39 million taxable gross receipts tax revenue bonds series 2001. The bonds are scheduled to sell on Jan. 11, 2001. In addition, Standard&Poor's has affirmed its double-'A' rating on Albuquerque's outstanding taxable gross receipts tax revenue bonds. The outlook is stable. The rating reflects: -- A strong-link pledge of municipal gross receipts tax (GRT) revenues securing the bonds, -- A broad and resilient sales tax base generating very strong coverage of maximum future debt service, -- Strong legal provisions, -- An expanding economy, and -- Sound fiscal management. The Bonds are secured by a pledge of net operating revenues
