New York City Municipal Water Authority $633 Million Water And Sewer Bonds Assigned 'AA+' Rating

SAN FRANCISCO (S&P Global Ratings) Sept. 10, 2021--S&P Global Ratings assigned its 'AA+' long-term rating to New York City Municipal Water Finance Authority's (New York Water) $545 million series 2022BB-1 fixed rate bonds and $88 million series 2022BB-2 refundable principal installment water and sewer system second general resolution revenue bonds. At the same time, S&P Global Ratings affirmed its: 'AAA' rating on New York Water's outstanding first general resolution debt; 'AA+' rating on the system's existing second general resolution debt; and 'A-1+' and 'A-1' short-term rating on the system's various debt, where applicable. The outlook, where applicable, is stable. "The rating reflects our view of the system's extremely strong liquidity position, ample financial capacity, and affordable rates that are assessed

...September 10, 2021 SAN FRANCISCO (S&P Global Ratings) Sept. 10, 2021--S&P Global Ratings assigned its '##+' long-term rating to New York City Municipal Water Finance Authority's (New York Water) $545 million series 2022BB-1 fixed rate bonds and $88 million series 2022BB-2 refundable principal installment water and sewer system second general resolution revenue bonds. At the same time, S&P Global Ratings affirmed its: - '###' rating on New York Water's outstanding first general resolution debt; - '##+' rating on the system's existing second general resolution debt; and - 'A-1+' and 'A-1' short-term rating on the system's various debt, where applicable. The outlook, where applicable, is stable. "The rating reflects our view of the system's extremely strong liquidity position, ample financial capacity, and affordable rates that are assessed and adjusted annually," said S&P Global Ratings credit analyst Jenny Poree. "The rating further reflects our view of the system's seasoned management team...

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