DALLAS (Standard&Poor's) June 23, 2014--Standard&Poor's Ratings Services said it assigned its 'AA+' rating to the New York City Municipal Water Finance Authority's (NYCMWFA) fiscal 2015 series AA second general resolution water and sewer system revenue bonds. We also affirmed our 'AA+' underlying ratings (SPURs) on the authority's existing second-resolution bonds, as well as our 'AAA' long-term rating on the system's first general resolution revenue bonds. "The stable rating outlook reflects Standard&Poor's 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. The difference in the long-term ratings between the first- and second-resolution debts reflects lien priority and the active use
