DALLAS (Standard&Poor's) March 18, 2011--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) series 2011GG 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 long-term ratings are reflective of the fundamental credit strengths of NYCMWFA. "The stable outlook reflects our expectation that the system's financial profile will remain commensurate with its rating," said Standard&Poor's credit analyst Theodore Chapman. The ratings on the first- and second-resolution bonds reflect our view of: The credit strengths provided by the issuer's legal and structural features; A
