S&P Global Ratings assigned its 'AA+' rating to the New York City Municipal Water Finance Authority 's series 2026 AA water and sewer system second general-resolution revenue bonds, consisting of approximately $600 million of subseries AA-1 and approximately $429.4 million of subseries AA-2, issued for New York Water (NYW). At the same time, we affirmed our 'AAA' rating on the authority's first general resolution bonds, our 'AA+' rating on its second general resolution bonds, and our 'A-1+' commercial paper program rating. Finally, we affirmed our 'A-1+' and 'A-1' short-term ratings on the system's debt outstanding, where applicable; the ratings are based on the liquidity provider's short-term rating. The outlook is stable. NEW YORK (S&P Global Ratings) Nov. 3, 2025--S&P Global
