Standard&Poor's Ratings Services affirmed its 'AAA' rating, with a stable outlook, on Albuquerque, N.M.'s general obligation (GO) bonds based on Standard&Poor's local GO criteria, published Sept. 12, 2013, on RatingsDirect. The rating reflects our opinion of Albuquerque's: Strong economy, which is part of a broad and diverse economy centered on, and anchored by, strong links to government employment, which has allowed it to manage operations successfully through previous economic cycles; Very strong management condition with "strong" financial management policies, under our Financial Management Assessment (FMA) methodology, guiding finances; Strong budgetary flexibility when accounting for reserves held in the committed fund, which is committed for minimum reserve purposes; Strong budgetary performance; Very strong liquidity for operations and
