SAN FRANCISCO (S&P Global Ratings) Dec. 12, 2022--S&P Global Ratings Services assigned its 'AA+/A-1' rating to New York City Municipal Water Finance Authority's (authority) anticipated $200 million 2023 series BB, subseries BB-1, and subseries BB-2 water and sewer system second general resolution revenue bonds. The outlook is stable. "The long-term rating reflects our view of the authority's broad, diverse, and affluent service area as well as its sophisticated management team," said S&P Global Ratings credit analyst Jenny Poree. "However, we anticipate that recessionary headwinds will increase affordability considerations related to collections policies, rate increases, and supply chain and labor challenges," Ms. Poree added. The 'AA+' long-term component of the rating reflects our view of the authority's credit characteristics. The 'A-1'
