Standard&Poor's Rating Services has raised its underlying rating (SPUR) on Albuquerque, N.M.'s refuse removal and disposal revenue bonds to 'AA' from 'AA-', reflecting a history of strong debt service coverage. Additional rating factors include: Albuquerque's manageable capital improvement plan (CIP), Limited competition to the city's solid waste department for these services, Long-term landfill capacity, and Relatively low rates with a strong rate collection mechanism. Net revenues of the city's refuse removal and disposal system secure the bonds. By ordinance, the city provides exclusive solid waste collection and disposal services to all households and most commercial enterprises. Residential customers are charged monthly on a combined water, sewer, and refuse bill. The current household monthly rate is $11.72 still below
