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Ratings On Albuquerque, N.M.'s GRT And MGRT Bonds Raised To 'AAA'

Published Apr 11, 2008

881 words — Published Apr 11, 2008

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Abstract:

DALLAS (Standard&Poor's) April 11, 2008--Standard&Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'AAA' from 'AA+' on Albuquerque, N.M.'s state-shared series 1999B and C bonds, and the city's subordinate gross receipt tax (GRT) and lodgers' tax bonds and subordinate gross receipt tax and golf course revenue bonds. Standard&Poor's also raised its rating to 'AAA' from 'AA+' on the city's municipal gross receipts tax (MGRT) bonds series 1999A. The raised ratings are due to very strong debt service coverage, the city's broad sales tax base, and its role as an economic center for the region. The rating action also reflects our expectation that potential changes in legislation governing the state-shared GRT will not

Brief Excerpt:

RESEARCH Ratings On Albuquerque, N.M.'s GRT And MGRT Bonds Raised To '###' Publication date: 11-Apr-2008 Primary Credit Analyst: Horacio Aldrete-Sanchez, Dallas (1) 214-871-1426; horacio_aldrete@standardandpoors.com Secondary Credit...

Report Type:

Ratings Action

Issuer

Albuquerque

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Albuquerque, NM GO Debt Ratings Raised To 'AAA' On Strong Financial Management – 2008/05/07 – US$ 150.00

Albuquerque, New Mexico; General Obligation – 2008/05/09 – US$ 500.00

Summary: Albuquerque, New Mexico; General Obligation – 2008/05/09 – US$ 225.00

Summary: Albuquerque, New Mexico; Sales Tax – 2008/10/23 – US$ 225.00

38 National Public Finance Guarantee Corp-Backed Short-Term VRDO Ratings Lowered To 'A-2'; Still On Watch Developing – 2009/05/06 – US$ 150.00

Summary: Albuquerque, New Mexico; Sales Tax – 2008/04/11 – US$ 225.00

Summary: Albuquerque, New Mexico; Solid Waste/Resource Recovery – 2007/08/15 – US$ 225.00

Albuquerque, NM's Strong Coverage, Broad Tax Base Bump Gross Receipt Tax Debt Rating To 'AA+' – 2007/08/14 – US$ 150.00

Summary: Albuquerque, New Mexico; Sales Tax – 2007/08/14 – US$ 225.00

Albuquerque,NM Strong Coverage Lifts Senior, Subordinate Gross Receipt Tax Ratings To AAA, AA+ – 2007/08/14 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Ratings On Albuquerque, N.M.'s GRT And MGRT Bonds Raised To 'AAA'" Apr 11, 2008. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Albuquerque-N-M-s-GRT-And-MGRT-Bonds-Raised-To-AAA-642462>

APA:	S&P Global Ratings’ Credit Research. (). Ratings On Albuquerque, N.M.'s GRT And MGRT Bonds Raised To 'AAA' Apr 11, 2008. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Albuquerque-N-M-s-GRT-And-MGRT-Bonds-Raised-To-AAA-642462>

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