FARMERS BRANCH (S&P Global Ratings) March 23, 2021--S&P Global Ratings assigned its 'AA+/A-1+' rating to New York City Municipal Water Finance Authority's (the authority, or New York Water) $325 million water and sewer system second general resolution revenue bonds, adjustable rate fiscal 2021 EE, subseries EE-1 and EE-2. At the same time, S&P Global Ratings affirmed its 'AA+' rating on New York Water's second general resolution revenue bonds and its 'AAA' rating on the authority's first general resolution bonds. The outlook, where applicable, is stable. The long-term component of the rating reflects our view of New York Water's general creditworthiness. The short-term component of the rating reflects our view of the liquidity support provided in the form of standby bond
