NEW YORK (Standard&Poor's) March 5, 2010--Standard&Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to New York City Municipal Water Finance Authority, N.Y.'s 2010EE federally taxable Build America Bonds (BABs) second-resolution water and sewer system bonds and affirmed its 'AAA' and 'AA+' long-term ratings and underlying ratings (SPURs), with a stable outlook, on the authority's existing first- and second-resolution bonds. "The ratings on the first- and second-resolution bonds reflect our view of the credit strengths provided by the issuer's legal and structural features," said Standard&Poor's credit analyst John Sugden-Castillo. New York City Municipal Water Finance Authority currently has approximately $10.8 billion of first-lien debt ('AAA') and $12.8 billion of second-resolution bonds ('AA+'),
