New York City Municipal Water Finance Authority CC-1, CC-2 Water, Sewer Second General Resolution Bonds Rated 'AA+'

NEW YORK (S&P Global Ratings) April 5, 2024--S&P Global Ratings assigned its 'AA+' rating to the New York City Municipal Water Finance Authority's (New York Water [NYW]) anticipated $478 million series 2024 CC-1 and CC-2 water and sewer system second general resolution revenue bonds, issued on behalf of New York Water. At the same time, we affirmed our 'AAA' rating on the authority's first general resolution bonds, our 'AA+' rating on its second general resolution bonds, and our 'A-1+' commercial paper (CP) program rating. Finally, we also affirmed our 'A-1+' and 'A-1' short-term ratings on the system's outstanding debt, where applicable, based on the liquidity provider's short-term rating. The outlook, where applicable, is stable. "Our 'AA+' long-term rating reflects our

...April 5, 2024 NEW YORK (S&P Global Ratings) April 5, 2024--S&P Global Ratings assigned its '##+' rating to the New York City Municipal Water Finance Authority's (New York Water [NYW]) anticipated $478 million series 2024 ##-1 and ##-2 water and sewer system second general resolution revenue bonds, issued on behalf of New York Water. At the same time, we affirmed our '###' rating on the authority's first general resolution bonds, our '##+' rating on its second general resolution bonds, and our 'A-1+' commercial paper (CP) program rating. Finally, we also affirmed our 'A-1+' and 'A-1' short-term ratings on the system's outstanding debt, where applicable, based on the liquidity provider's short-term rating. The outlook, where applicable, is stable. "Our '##+' long-term rating reflects our view of NYW's broad, diverse, and affluent service area as well as the sophisticated management team that supports its highly complex operating profile and capital plan," said S&P Global Ratings credit analyst...

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