The rating on Albuquerque, N.M.<$IAlbuquerque, N.M.>'s bonds is based on an irrevocable letter of credit (LOC) issued by Bayerische Landesbank Girozentrale. The LOC expires on Jan. 31, 2001, covers up to 60 days of interest at a maximum rate of 15%, and provides further coverage for principal and purchase price of tendered bonds. Bond proceeds will be used to finance additions and improvements to the Albuquerque International Airport Sunport and related facilities. The bonds will bear interest at a weekly rate and may be converted to a long- term (fixed) rate. While bearing interest at the weekly rate, the bonds are subject to tender on demand of the owner. The bonds are subject to extraordinary and optional redemption, as well
