S&P Global Ratings assigned its 'AA+/A-1' rating to the New York City Municipal Water Finance Authority 's (also known as New York Water [NYW]) $200 million series 2026EE water and sewer system second general resolution adjustable rate revenue bonds. The outlook is stable. NEW YORK (S&P Global Ratings) March 16, 2026--S&P Global Ratings today took the rating actions listed above. NYW faces numerous ongoing environmental, social, and governance (ESG) factors that affect our analysis. We believe the system has outsized environmental risks, given the scale of regulatory and climate-resilience efforts required to maintain its infrastructure at adequate levels. With separate entities for operations, governance, and finance, the management and governance structure allows for critical and apolitical decision-making, with a focus
