DALLAS (Standard&Poor's) Jan. 20, 2012--Standard&Poor's Ratings Services said today it assigned its 'AA+' long-term rating and stable outlook to New York City Municipal Water Finance Authority's ( NYCMWFA) fiscal 2012 series CC and series 2012 DD second general resolution water and sewer system revenue 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 stable outlook reflects our expectation that the system's financial profile will remain commensurate with the ratings," said Standard&Poor's credit analyst Theodore Chapman. The difference in the ratings between the first- and second-resolution debts reflects lien priority and the active use of both liens.
