Standard&Poor's Ratings Services assigned its 'AAA' rating to Albuquerque, N.M.'s series 2015A and 2015B general obligation (GO) bonds. At the same time, we affirmed our 'AAA' long-term rating and underlying rating (SPUR) on the city's existing GO bonds. The outlook is stable. The ratings reflect our opinion of Albuquerque's: Adequate 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
