S&P Global Ratings assigned its 'AA+' rating to New York City Municipal Water Finance Authority 's approximately $600 million series 2025DD water-and-sewer-system second general-resolution revenue bonds, issued for New York Water (NYW). The outlook is stable. NEW YORK (S&P Global Ratings) April 11, 2025--S&P Global Ratings today took the rating actions listed above. New York Water is faced with numerous ongoing environmental, social, and governance factors that affect our analysis. We believe the system has outsized environmental risks, given the regulatory and climate resilience efforts that will be required to maintain its infrastructure at adequate levels. The management and governance structure--with separate entities for operations, governance, and finance--has allowed for critical and apolitical decision-making, with an eye to both financial
