New York City Municipal Water Finance Authority Second Resolution Water And Sewer System Bonds Assigned 'AA+/A-1' Rating - S&P Global Ratings’ Credit Research

New York City Municipal Water Finance Authority Second Resolution Water And Sewer System Bonds Assigned 'AA+/A-1' Rating

New York City Municipal Water Finance Authority Second Resolution Water And Sewer System Bonds Assigned 'AA+/A-1' Rating - S&P Global Ratings’ Credit Research
New York City Municipal Water Finance Authority Second Resolution Water And Sewer System Bonds Assigned 'AA+/A-1' Rating
Published Feb 08, 2023
2 pages (1225 words) — Published Feb 08, 2023
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) Feb. 8, 2023--S&P Global Ratings Services assigned its 'AA+/A-1' rating to New York City Municipal Water Finance Authority's anticipated $200 million 2023 series CC water and sewer system second general resolution revenue bonds, issued on behalf of New York Water. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the authority's first general resolution bonds and its 'AA+' rating on the authority's second general resolution bonds outstanding. The outlook is stable. The 'AA+' long-term component of the rating reflects our view of the authority's credit characteristics. The 'A-1' short-term component of the rating reflects our view of the standby bond purchase agreement (SBPA) provided by Barclays Bank PLC, effective Feb. 16, 2023.

  
Report Type:

Ratings Action

Issuer
New York City Municipal Water Finance Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "New York City Municipal Water Finance Authority Second Resolution Water And Sewer System Bonds Assigned 'AA+/A-1' Rating" Feb 08, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-Municipal-Water-Finance-Authority-Second-Resolution-Water-And-Sewer-System-Bonds-Assigned-AA-A-1-Rating-2946570>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City Municipal Water Finance Authority Second Resolution Water And Sewer System Bonds Assigned 'AA+/A-1' Rating Feb 08, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-Municipal-Water-Finance-Authority-Second-Resolution-Water-And-Sewer-System-Bonds-Assigned-AA-A-1-Rating-2946570>
  
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