Standard&Poor's Ratings Services has assigned its 'AAA' rating to New York State Environmental Facilities Corp.'s (NYSEFC) state clean water and drinking water revolving funds revenue bonds (New York City Municipal Water Finance Authority [NYCMWFA] projects, second resolution bonds) series 2014A. At the same time, Standard&Poor's affirmed its 'AAA' rating on NYSEFC bonds that are on par with these bonds. Standard&Poor's also affirmed its 'AAA' rating on the company's bonds related to the 2010 master financing indenture (MFI) program. The outlook is stable. The 'AAA' rating reflects our view of the combination of extremely strong enterprise risk and financial risk profile scores, resulting from: An extremely strong market position; An extremely strong loss coverage score,
