FARMERS BRANCH (S&P Global Ratings) June 18, 2021--S&P Global Ratings assigned its 'AA+' rating to New York City Municipal Finance Water Authority's (New York Water) $450 million series 2022AA water and sewer system second general resolution revenue bonds. We are also affirming our 'AAA' long-term underlying rating on New York Water's outstanding first general resolution debt, as well as our 'AA+' rating on the system's existing second general resolution debt. "Key credit factors supporting the rating include a broad and diverse economic and customer base that has no comparably-sized peers, affordable rates, ample financial capacity, and extremely strong liquidity," said S&P Global Ratings credit analyst Ted Chapman. New York Water is faced with a number of ongoing ESG factors that
