The rating on Albuquerque N.M.'s airport subordinate-lien adjustable tender refunding revenue bonds series 1995 has been affirmed. The long-term component of the rating on the bonds is based on a bond insurance policy provided by Ambac Assurance Co. (AAA). Currently, the short-term component of the rating is based on a liquidity facility provided by AIG Liquidity Corp. (A-1+). On May 1, the current liquidity facility will be substituted for a liquidity facility provided by Depfa Bank, PLC (A-1+). On the substitution date, the short-term component of the rating will reflect the then short-term rating of Depfa Bank PLC. The new liquidity facility will cover 35 days' interest at the maximum rate, and will pay the purchase price of bonds in
