DALLAS (Standard&Poor's) June 13, 2011--Standard&Poor's Ratings Services said today it assigned its 'AA+' long-term rating and stable outlook to the New York City Municipal Water Finance Authority's series 2011HH bonds. We also affirmed the 'AAA' and 'AA+' long-term and underlying ratings (SPURs), with a stable outlook, on the authority's existing first- and second-resolution bonds, respectively. "The ratings reflect the system's fundamental strengths, characterized by a large customer base, affordable rates, and strong management," said Standard&Poor's credit analyst Theodore Chapman. The ratings also reflect: The credit strengths provided by the issuer's legal and structural features; A gross pledge of revenues that results in true separation from the utility's operating function when combined with the New
