DALLAS (Standard&Poor's) Feb. 13, 2013--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 2013 series CC second general resolution water and sewer system revenue bonds. We also affirmed the 'AA+' long-term and underlying ratings (SPURs), with a stable outlook, on the authority's existing second-resolution bonds, as well as the 'AAA' rating on the system's first general resolution revenue bonds. "The stable outlook reflects our expectation that the system's financial profile will remain commensurate with the ratings over our two-year horizon," said Standard&Poor's credit analyst Theodore Chapman. Bond proceeds will be used primarily to convert $400 million of commercial paper
